19 and 20

MPI Incorporated has $9 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 13%, 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. Ferrell Inc. recently reported net income of $6 million. It has 630,000 shares of common stock, which currently trades at $21 a share. Ferrell continues to expand and anticipates that 1 year from now, its net income will be $8.7 million. Over the next year, it also anticipates issuing an additional 126,000 shares of stock so that 1 year from now it will have 756,000 shares of common stock. Assuming Ferrell's price/earnings ratio remains at its current level, what will be its stock price 1 year from now? Do not round intermediate calculations. Round your answer to the nearest cent. $