Homework 2 7 Required information Sad Part 1 of 3 2.72 points eBook Problem 11-5A (Algo) Computing and analyzing times interest earned LO A1 [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). Sales Miller Company 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 Print Sales $ 1,400,000 Variable expenses (60%) 848,000 Income before interest 560,000 Interest expense (fixed) References Net income 354,000 $206,000 Problem 11-5A (Algo) Part 1 Required: 1. Compute times interest earned for Miller Company and for Weaver Company. Times Interest earned for Miller Company and Weaver Company. M Gr Launchpad Hill Choose Numerator: 1 Choose Denominator: = Times Interest earned Times interest eamed 0 0 < Prev 7 8 9 of 11 Next > Help Save & Exit Submit Check my work