Excel Online Structured Activity: TIE ratio MPI Incorporated has $7 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 10%, 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. Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places. Check My Work Reset Problem D E 4 Formulas #N/A #N/A A B 1 TIE ratio 2 3 Total Assets $7,000,000,000.00 Tax Rate 35.00% 5 Basic Earning Power (BEP) Ratio 10.00% 6 Return on Assets (ROA) 3.00% 7 8 EBIT $700,000,000.00 9 10 Net Income 11 12 Partial Income Statement: 13 EBIT $700,000,000.00 14 Interest $563,500,000.00 15 Earnings Before Taxes 16 Taxes 17 Net Income 18 19 TIE Ratio 20 21 22 23 24 25 26 27 28 29 30 31 #N/A #N/A #N/A #N/A #N/A