Below are the financial statements for PQR Corp:

Income Statement ($ millions)

• Sales Revenue: $5,000
• Cost of Goods Sold: $3,000
• Gross Profit: $2,000
• Operating Expenses: $1,500
• Operating Profit: $500
• Interest Expense: $100
• Tax Expense: $80
• Net Income: $320

Balance Sheet ($ millions)

• Current Assets:
  • Cash: $70
  • Accounts Receivable: $300
  • Inventory: $400
  • Total Current Assets: $770
• Non-current Assets:
  • Property, Plant & Equipment: $1,200
  • Other Long-term Assets: $530
  • Total Non-current Assets: $1,730
  • Total Assets: $2,500
• Current Liabilities:
  • Accounts Payable: $250
  • Short-term Loans: $100
  • Total Current Liabilities: $350
• Long-term Liabilities:
  • Long-term Debt: $800
  • Total Liabilities: $1,150
• Equity:
  • Common Shares: $200
  • Retained Earnings: $1,150
  • Total Equity: $1,350
  • Total Liabilities & Equity: $2,500

Requirements:

a) Propose financing options for PQR Corp to raise $75 million for a new initiative without using current cash. b) Calculate the quick ratio. c) Determine the return on equity (ROE). d) Assess the interest coverage ratio.