Please answer and explain. Thank you!

Video Excel Online Structured Activity: TIE ratio MPI Incorporated has $4 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 10%, 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. Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places. Check My Work Reset Problem Excel Online templateSaved File Home Insert Data RviewView Tell me what you want to do Arial Currency Paste Conditional Format Inse OFormatting as Table Number Undo Clipboard Alignment B8 1 TIE ratio 3 Total Assets 4 Tax Rate 5 Basic Earning Power (BEP) Ratio 6 Return on Assets (ROA) 4,000,000,000.00 35.00% 10.00% 3.00% Formulas 8 EBIT 10 Net Income 12 Partial Income Statement: 13 EBIT 14 Interest 15 Earnings Before Taxes 16 Taxes 17 Net Income $0.00 #N/A #N/A #N/A 19 TIE Ratio 20 21