Excel Online Structured Activity: TIE ratio MPI Incorporated has $8 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 9%, 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. Check My Work Reset Problem File Home Insert Formulas Data Review View Help Tell me what 5 Arial 10 A A 2 Wre Paste X cut Io Copy Format Painter Clipboard BI U Rab Mer Undo Font Alignment B8 D E Formulas #N/A #N/A TIE ratio 2 3 Total Assets $8,000,000,000.00 4 Tax Rate 35.00% 5 Basic Eaming Power (BEP) Ratio 9.00% 6 Return on Assets (ROA) 4.00% 7 8 EBIT 9 10 Net Income 12 Partial income Statement: 13 EBIT $0.00 14 Interest 15 Earnings Before Taxes 16 Taxes 17 Net Income 18 19 TIE Ratio 20 21 22 23 24 25 26 27 28 29 #N/A #N/A #N/A #N/A #N/A Sheet1 Calculation Mode: Automatic Workbook Statistics