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help please! Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no
help please! Required information [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 (808) Income before interest Interest expense (fixed) Net income $ 1,150,000 920,000 230,000 72,000 $ 158,000 Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $ 1,150,000 690,000 460,000 302,000 $ 158,000 Required: 1. Compute times interest earned for Miller Company and for Weaver Company, Times Interesteamed for Miller Company and Weaver Company Choose Numerator: Choose Denominator: Times interest earned Times Interest earned Required information [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 $ 1,150,000 Variable expenses (808) 920,000 Income before interest 230,000 Interest expense (fixed) 72,000 Net Income $ 158,000 Weaver Company Sales Variable expenses (601) Income before interest Interest expense (fixed) Net Income $ 1,150,000 690,000 460,000 302,000 $ 159,000 2. What happens to each company's net Income If sales increase by 40%? (Round your answers to nearest whole percent.) Net income Company Miller Company Weaver Company % % Required information [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 $ 1,150,000 Variable expenses (801) 920,000 Income before interest 230,000 Interest expense (fixed) 72,000 Net Income $ 158,000 Weaver Company Sales Variable expenses (601) Income before interest Interest expense (fixed) Net Income $ 1,150,000 690,000 460,000 302,000 $ 158,000 3. What happens to each company's net income if sales increase by 50%? (Round your answers to nearest whole percent.) Net Income Company Miller Company Weaver Company % %
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