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I need help with the solution and explanation in the whole question Please and Thank you. Connect Homework - Chapter 9 i Saved Help Save

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image text in transcribed I need help with the solution and explanation in the whole question Please and Thank you.
Connect Homework - Chapter 9 i Saved Help Save & Exit Submit Required information Problem 9-5A Computing and analyzing times interest earned LO A1 The following information applies to the questions displayed below.) Part 2 of 2 points Shown here are condensed income statements for two different companies (assume no income taxes). Miller Company Sales $1,150,000 Variable expenses (804) 920,000 Income before interest 230,000 Interest expense (fixed) 76,000 Net income $ 154.000 eBook Print References Weaver Company Sales Variable expenses (60) Income before interest Interest expense (fixed) Net income $1,150,000 690,000 460,000 306,000 $ 154,000 Problem 9-5A Part 2 Connect Homework - Chapter 9 A Saved Help Save & Exit Submit Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,150,000 690,000 460,000 306,000 $ 154,000 Part 2 of 2 Problem 9-5A Part 2 points 2. What happens to each company's net income if sales increase by 20%. (Round your answers to nearest whole percent.) eBook Net income Company Miller Co. Weaver Co References

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