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 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. Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places. Check My Work Reset Problem Back Next A TIE ratio Total Assets Tax Rate Basic Earning Power (BEP) Ratio Return on Assets (ROA) $4,000,000,000.00 35.00% 8.00% 3.00% 6 8 |EBIT Formulas #N/A 10 Net Income #N/A $0.00 Partial Income Statement: EBIT 14 Interest 15 Earnings Before Taxes 16 Taxes 17 Net Income #N/A #N/A #N/A #N/A TIE Ratio #N/A