9 P q 13

Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (both are organized as LLCs and pay no income taxes) Miller Company Sales Variable expenses (80%) Income before interest Interest expense (fixed) Net income $1,300,000 1,040,000 260,000 68,000 $ 192,000 Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,300,000 780,000 520,000 328,00 $ 192,000 Required 1. Compute times interest earned for Miller Company. Times interest earned for Miller Company Choose Numerator: Choose Denominator: Times interest earned Times interest earned