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 11%, 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. x Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places. Ddx B8 0 E F G 1 TIE ratio 3 Total Assets Tax Rate Basic Earning Power (BEP) Ratio Return on Assets (ROA) $3,000,000,000.00 35.00% 11.00% 4.00% 7 8 Formulas #N/A EBIT 9 #N/A $0.00 10 Net Income 11 12 Partial Income Statement: 13 EBIT Interest Earnings Before Taxes 16 Taxes 17 Net Income 14 #N/A #N/A #N/A #N/A TIE Ratio #N/A