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 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. HI Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places. D14 fox D Formulas #N/A #N/A A B 1 TIE ratio 2 3 Total Assets $3,000,000,000.00 4 Tax Rate 35.00% 5 Basic Earning Power (BEP) Ratio 12.00% 6 Return on Assets (ROA) 4.00% 7 8 EBIT $3,000,000,000.00 9 10 Net Income $120,000,000.00 11 12 Partial Income Statement: 13 EBIT $3,000,000,000.00 14 Interest 15 Earnings Before Taxes 16 Taxes 17 Net Income 18 19 TIE Ratio 20 21 22 23 24 25 #N/A #N/A #N/A #N/A #N/A 14