2. What happens to each company's net income if sales increase by 50%?

Shown here are condensed income statements for two different companies (assume no income taxes). Miller Company Sales Variable expenses (80%) Income before interest Interest expense (fixed) Net income $ 1,400,000 1,120,000 280,000 74,000 $ 206,000 Weaver Company Sales Variable expenses (699) Income before interest Interest expense (fixed) $ 1,400,000 840,000 560,000 354,000 $ 206,000 Net income Problem 11-5A (Algo) Part 2 2. What happens to each company's net income if sales increase by (Round your answers to nearest whole percent.) Company Miller Company Weaver Company Net income Decreases by Decreases by 4% 21% CE M times interest earned LO A1 (The following information applies to the questions displayed below.] of 6 Shown here are condensed income statements for two different companies (assume no income taxes). Miller Company Sales Variable expenses (80%) Income before interest Interest expense (fixed) Net income $ 1,400,000 1, 120,000 280,000 74,000 $ 206,000 ook rint Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $ 1,400,000 840,000 560,000 354,000 $ 206,000 rences Problem 11-5A (Algo) Part 3 3. What happens to each company's net income if sales increase by 60%? (Round your answers to nearest whole percent.) Net income Company Miller Company Weaver Company % % w Mac [The following information applies to the questions displayed below.) Shown here are condensed income statements for two different companies (assume no income taxes). Miller Company Sales Variable expenses (80%) Income before interest Interest expense (fixed) Net income $ 1,400,000 1, 120,000 280,000 74,000 $ 206,000 Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $ 1,400,000 840,000 560,000 354,000 $ 206,000 Problem 11-5A (Algo) Part 4 4. What happens to each company's net income if sales decrease by 10%? (Round your answers to nearest whole percent.) Net income Company Miller Company Weaver Company % %