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2.9 keep the highest 9. Problem 4.18 (TIE Ratio) eBook Problem Walk-Through MPI Incorporated has $3 billion in assets, and its tax rate is 25%.

2.9

keep the highest 9. Problem 4.18 (TIE Ratio) eBook Problem Walk-Through MPI Incorporated has $3 billion in assets, and its tax rate is 25%. Its basic eaming power (BEP) ratio is 14%, and its return on assets (ROA) is 5%. What is MPI'S times-interest-earned (TIE) ratio? Do not round intermediate calculations. Round your answer to two decimal places

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