13.

Shown here are condensed income statements for two different companies (assume no income taxes).

Miller Company
Sales	$ 1,200,000
Variable expenses (80%)	960,000
Income before interest	240,000
Interest expense (fixed)	60,000
Net income	$ 180,000

Weaver Company
Sales	$ 1,200,000
Variable expenses (60%)	720,000
Income before interest	480,000
Interest expense (fixed)	300,000
Net income	$ 180,000

Required: 1. Compute times interest earned for Miller Company and for Weaver Company.