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MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 8%, and its return on

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MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 8%, and its return on assets (ROA) is 5%. 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 A TIE ratio Total Assets Tax Rate Basic Earning Power (BEP) Ratio Return on Assets (ROA) EBIT Net Income Partial Income Statement: EBIT Interest Earnings Before Taxes Taxes Net Income TIE Ratio B $5,000,000,000.00 35.00% 8.00% 5.00% $0.00 C D Formulas #N/A #N/A #N/A #N/A #N/A #N/A #N/A E

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