Below are the latest financial statements for GHI Ltd:

Income Statement ($ millions)

• Revenue: $4,200
• Cost of Goods Sold: $2,500
• Gross Profit: $1,700
• Operating Expenses: $1,200
• Operating Income: $500
• Interest Expenses: $100
• Income Tax Expense: $50
• Net Income: $350

Balance Sheet ($ millions)

• Current Assets:
  • Cash: $60
  • Accounts Receivable: $250
  • Inventory: $350
  • Total Current Assets: $660
• Non-current Assets:
  • Property, Plant & Equipment: $1,000
  • Other Long-term Assets: $300
  • Total Non-current Assets: $1,300
  • Total Assets: $1,960
• Current Liabilities:
  • Trade Creditors: $200
  • Short-term Loans: $150
  • Total Current Liabilities: $350
• Long-term Liabilities:
  • Long-term Debt: $600
  • Total Liabilities: $950
• Equity:
  • Common Stock: $100
  • Retained Earnings: $910
  • Total Equity: $1,010
  • Total Liabilities & Equity: $1,960

Requirements:

a) Suggest how GHI Ltd can raise $70 million for expansion without using existing cash. b) Calculate the current ratio. c) Determine the debt-to-equity ratio. d) Assess the times interest earned (TIE) ratio.