Video Excel Online Structured Activity: TIE ratio MPI Incorporated has $6 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 11%, 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 B D E F G H $6,000,000,000.00 35.00% 11.00% 5.00% Formulas #NA #N/A TIE ratio 2 3 Total Assets 4 Tax Rate 5 Basic Earning Power (BEP) Ratio 6 Return on Assets (ROA) 7 8 EBIT 9 10 Net Income 11 12 Partial Income Statement: 13 EBIT Interest 15 Earnings Before Taxes 16 Taxes 17 Net Income 18 19 TIE Ratio 20 21 22 23 24 25 26 $0.00 #N/A #N/A #N/A #N/A #N/A