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Excel Online Structured Activity: The ratio MPI Incorporated has $6 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio

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Excel Online Structured Activity: The ratio MPI Incorporated has $6 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 11%, 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. X X THE BER Open spreadsheet What is MPI's times interest-earned (TIE) ratio Round your answer to two decimal places Arial 0 1 1 4 F G E H A B c D TIE ratio 2 3 4 5 Total Assets $5,000,000,000.00 Tax Rate 35.00% Basic Emning Power (BEP) Ratio 11.00% Return on Assets (ROA) 3.00% 0 Formulas WNIA BEBIT WNA $0.00 9 10 Net Income 11 12 Parti Income Statement: 13 EBIT 14 interest 15 Earnings Before Taxes 16 Taxes 17 Net Income 18 19. TIE Ratio NNIA WN/A WNIA WNIA UNIA

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