Consider the financial data of ABC Ltd:

Income Statement ($ millions)

• Sales: $8,500
• Cost of Goods Sold: $5,000
• Gross Profit: $3,500
• Operating Expenses: $2,500
• Operating Income: $1,000
• Interest Expenses: $180
• Tax Expense: $150
• Net Income: $670

Balance Sheet ($ millions)

• Current Assets:
  • Cash: $160
  • Accounts Receivable: $800
  • Inventory: $900
  • Total Current Assets: $1,860
• Non-current Assets:
  • Property, Plant & Equipment: $3,700
  • Other Long-term Assets: $1,940
  • Total Non-current Assets: $5,640
  • Total Assets: $7,500
• Current Liabilities:
  • Accounts Payable: $750
  • Short-term Debt: $500
  • Total Current Liabilities: $1,250
• Long-term Liabilities:
  • Long-term Debt: $2,500
  • Total Liabilities: $3,750
• Equity:
  • Common Stock: $500
  • Retained Earnings: $3,250
  • Total Equity: $3,750
  • Total Liabilities & Equity: $7,500

Requirements:

a) Propose ways for ABC Ltd to finance a $180 million project without using its cash reserves. b) Calculate the quick ratio. c) Determine the return on equity (ROE). d) Assess the times interest earned (TIE) ratio.