Review the financial statements of CDE Corp:

Income Statement ($ millions)

• Revenue: $9,500
• Cost of Goods Sold: $6,000
• Gross Profit: $3,500
• Operating Expenses: $2,700
• Operating Profit: $800
• Interest Expense: $200
• Tax Expense: $160
• Net Income: $440

Balance Sheet ($ millions)

• Current Assets:
  • Cash: $180
  • Accounts Receivable: $850
  • Inventory: $950
  • Total Current Assets: $1,980
• Non-current Assets:
  • Property, Plant & Equipment: $3,900
  • Other Long-term Assets: $2,120
  • Total Non-current Assets: $6,020
  • Total Assets: $8,000
• Current Liabilities:
  • Accounts Payable: $800
  • Short-term Loans: $600
  • Total Current Liabilities: $1,400
• Long-term Liabilities:
  • Long-term Debt: $3,000
  • Total Liabilities: $4,400
• Equity:
  • Common Shares: $600
  • Retained Earnings: $3,000
  • Total Equity: $3,600
  • Total Liabilities & Equity: $8,000

Requirements:

a) Recommend financing options for CDE Corp to raise $200 million for global expansion without using its cash reserves. b) Calculate the current ratio. c) Determine the return on assets (ROA). d) Assess the interest coverage ratio.