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MPI Incorporated has $ 7 billion in assets, and its tax rate is 3 5 % . Its basic earning power ( BEP ) ratio

MPI Incorporated has $7 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.What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places.
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