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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

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 assests (ROA) is 4%.
What is MPI's times-interest-earned (TIE) ratio? Round to two decimal places.
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Total Assets Tax Rate Basic Earning Power (BEP) Ratio Return on Assets (ROA) $3,000,000,000.00 35.00% EBIT Net Income Partial Income Statement: EBIT 12.00% 4.00% Interest Earnings Before Taxes Taxes Net Income TIE Ratio

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