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MPI Incorporated has $3 billion in assets , and its tax rate is 25%. Its basic earning power (BEP) ratio is 12%, and its return

MPI Incorporated has $3 billion in assets

, and its tax rate is 25%.

Its basic earning power (BEP) ratio is 12%,

and its return on assets (ROA) is 3%.

What is MPI's times-interest-earned (TIE) ratio?

Do not round intermediate calculations. Round your answer to two decimal places.

I TYPED IN 2.25 AND THAT DID NOT WORK. PLEASE SHOW ME HOW YOU GOT YOUR ANSWER. PLEASE AND THANKS

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