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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How does GIP and GLP-1 stimulate insulin secretion?

Medical Sciences
Q

Why are cells are small?They could not create enough energy to survive if they were...

Biology
Q

concave mirror forms the image of an object kept at 15 cm from its pole...

Physics
Q

The magnetic susceptibility of a substance at room temperature is 0 0002 The susceptibility when...

Physics
Q

37 Improving your tips Researchers gave 40 index cards to a waitress at an Italian...

Statistics
Q

Which of the sets given below correspond to the following Venn Diagram Select all that...

Algebra
Q

If a 3 b 1 evaluate 3a 7 bl A 1 B 1 C 2...

Algebra
Q

Coronado Industries had actual sales of $800000 when break-even sales were $680000. What is the...

Accounting
Q

eBook Calculator Print Item Profitability Ratios East Point Retail, Inc., sells professional women's apparel...

Accounting
Q

Below ils information relative to an exchange of similar assets by Grand Forks Corp. Assume...

Accounting
Q

Which of the following is not part of the accounting process? Which of the...

Accounting
Q

NPV-Mutually exclusive projects Hook Industries is considering the replacement of one of its old metal...

Finance