Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mpi incorporated has $4 billion in assets, and its

MPI Incorporated has $4 billion in assets, and its tax rate is 35%. Its basic...

90.2K

Verified Solution

Question

Accounting

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.

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

TIE ratio
Total Assets $4,000,000,000.00
Tax Rate 35.00%
Basic Earning Power (BEP) Ratio 8.00%
Return on Assets (ROA) 3.00%
Formulas
EBIT #N/A
Net Income #N/A
Partial Income Statement:
EBIT $0.00
Interest #N/A
Earnings Before Taxes #N/A
Taxes #N/A
Net Income #N/A
TIE Ratio #N/A

Please show full formulas for answer. Thank you

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

How do you prove that you have completed the most recent trainings?Print a transcript from...

Biology
1.2K views

Were the princess and the lady behind the door good friends?A. Yes, they had been...

Physics
1.2K views

A force of 50 N is applied on block which makes an angle of 30...

Statistics
1.2K views

Black Russian Terriers is 70 3 cm with a standard deviation of 2 54 A...

Statistics
1.2K views

How much water should be consumed every two hours for a person to run 16...

Calculus
1.2K views

simplex table a list the basic and the nonbasic variables b find the basic feasible...

Algebra
1.2K views

6 When graphed the line y 14 would not intersect the graph of which of...

Algebra
1.2K views

Find the sum of the first 32 terms of the arithmetic series 4 13 22...

Accounting
1.2K views

Current Attempt in Progress Sunland has three product lines in its retail stores:...

Accounting
1.2K views

Problem #1(12 points) The following is a partial list of accounts and their balances were...

Accounting
1.2K views

Olsson Corporation received a check from its underwriters for $71 million. This was for the...

Accounting
1.2K views

Liabilities and Stockholders' Equity NotespayableAccumulateddepreciation-equipmentInterestpayableServicerevenue102,96020,5923,96016,170 These items are taken from the financial statements of Sheffield...