Question: Excel Online Structured Activity: TIE ratio MPI Incorporated has $4 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio

Excel Online Structured Activity: TIE ratio MPI Incorporated has $4 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 3%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet What is MPI's times interest earned (TIE) ratio? Round your answer to two decimal places. Check My Work Reset Problem $4,000,000,000.00 35.00% 12.00% 3.00% Formulas #N/A 2. 3 Total Assets 4 Tax Rate 5 Basic Earning Power (BEP) Ratio 6 Return on Assets (ROA) 7 8 EBIT 9 10 Net Income 11 12 Partial Income Statement: 13 EBIT 14 Interest 15 Earnings Before Taxes 16 Taxes 17 Net Income #N/A $0.00 #N/A #N/A #N/A #N/A 18 #N/A 19 TIE Ratio 20 21 22

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