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 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.

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

___x?

TIE ratio Total Assets Tax Rate 5 Basic Earning Power (BEP) Ratio Return on Assets (ROA) 8 EBIT 9 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 IN34SGT co 2 6 A 7 B $7,000,000,000.00 35.00% 8.00% 3.00% $0.00 D Formulas #N/A #N/A #N/A #N/A #N/A #N/A #N/A