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Excel Online Structured Activity: TIE ratio MPI Incorporated has $4 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 12%, 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. X Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places. Check My Work Reset Problem . E TIE ratio 1 2 3 4 5 6 7 8 min Total Assets $4,000,000,000.00 Tax Rate 35.00% Basic Earning Power (BEP) Ratio 12.00% Return on Assets (ROA) 3.00% Formulas #N/A EBIT #N/A co OEM $0.00 10 Net Income 11 12 Partial Income Statement: 13 EBIT 14 Interest 15 Earnings Before Taxes 16 Taxes 17 Net Income 18 19 TIE Ratio 20 21 22 #N/A #N/A #N/A #N/A #N/A