Question: Excel Online Structured Activity: TIE ratio MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio

Excel Online Structured Activity: TIE ratio MPI Incorporated has $5 billion

in assets, and its tax rate is 35%. Its basic earning power

Excel Online Structured Activity: TIE ratio MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 8%, 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 TE ratio Total Assets $5,000,000,000.00 Tax Rate 35.00% Basic Eaming Power (BEP) Ratio Retum on Assets (ROA) 8.00% 3.00% Formulas EBIT #N/A. Net Income #N/A Partial Income Statement $0.00 EBIT Interest #N/A Earnings Before Taxes #N/A es #N/A. Net Income #N/A TIE Ratio #N/A

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