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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
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 fille below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet What is MPI's times interest-earned (TIE) ratio? Round your answer to two decimal places E F G H I J K L M 1 TE ratio 4 5 Total Assets Tax Rate Basic Eaming Power (BEP) Ratio Return on Assets (ROA) $7,000,000,000.00 35.00% 8.00% 5.00% 8 EBIT UNA 10 Net Income MNA 12 Partial Income Statement 13 ERIT 14 terest Earings Before Taxes 16 Taxes 17 Ne income TIE Ratio
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