Question: MPI Incorporated has $3 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 12%, and its return

MPI Incorporated has ( $ 3 ) billion in assets, and its tax rate is ( 25 % ). Its basic earning power (BEP) ratio is (

MPI Incorporated has $3 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 6%. What is MPI's times-interest-earned (TIE) ratio? Do not round intermediate calculations. Round your answer to two decimal places. X

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