Consider the financial data for JKL Enterprises:

Income Statement ($ millions)

• Revenue: $3,500
• Cost of Goods Sold: $1,800
• Gross Profit: $1,700
• Operating Expenses: $1,100
• Operating Income: $600
• Interest Expenses: $90
• Tax Expense: $60
• Net Income: $450

Balance Sheet ($ millions)

• Assets:
  • Cash: $50
  • Accounts Receivable: $220
  • Inventory: $380
  • Property, Plant & Equipment: $900
  • Other Assets: $250
  • Total Assets: $1,800
• Liabilities:
  • Accounts Payable: $180
  • Short-term Debt: $120
  • Long-term Debt: $500
  • Total Liabilities: $800
• Equity:
  • Common Shares: $100
  • Retained Earnings: $900
  • Total Equity: $1,000
  • Total Liabilities & Equity: $1,800

Requirements:

a) Develop a strategy for JKL Enterprises to fund a $55 million capital project without using existing cash. b) Calculate the quick ratio. c) Compute the return on equity (ROE). d) Evaluate the debt-to-total assets ratio.