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Calculation Mode: Automatic Workbook Statistics Give Feedback to Excel Online Structured Activity: TIE ratio MPI Incorporated has $5 billion in assets, and its tax rate
Calculation Mode: Automatic Workbook Statistics Give Feedback to 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 12%, and its return on assets (ROA) is 4%. 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. What is MPI's timps-interest-earned (TIE) ratio? Round your answer to two decimal places
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