HW 2 Back to Assignment Attempts: Average: / 1 14. Problem 4.18 (TIE Ratio) eBook MPI Incorporated has $3 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 13%, and...

Extracted text: HW 2 Back to Assignment Attempts: Average: / 1 14. Problem 4.18 (TIE Ratio) eBook MPI Incorporated has $3 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 13%, and its return on assets (ROA) is 3%. What is MPI's times-interest-earned (TIE) ratio? Do not round intermediate calculations. Round your answer to two decimal places.