Excel Online Structured Activity: TIE ratio MPI Incorporated has $3 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 10%, 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. Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places. Check My Work Rene Problem Arial 10 AA Paste Cut [Copy Format Painter Clipboard BI VD ab A. $ % Conc Undo Font Alignment Number 1 TIE ratio 3 Total Assets Tax Rate Basic Earning Power (BEP) Ratio Return on Assets (ROA) $3,000,000,000.00 35.00% 10.00% 4.00% 6 EBIT Formulas #N/A 10 Net Income #N/A $0.00 12 Partial Income Statement: 13 EBIT 14 Interest Earnings Before Taxes Taxes 17 Net Income 15 #N/A #N/A #N/A #N/A TIE Ratio #N/A