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! Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income
! 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 $1,100,000 Variable expenses (80%) 880,000 Income before interest 220,000 Interest expense (fixed) 58,000 Net income $ 162,000 Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,100,000 660,000 440,000 278,000 $ 162,000 Required: 1. Compute times interest earned for Miller Company and for Weaver Company.. Required: 1. Compute times interest earned for Miller Company and for Weaver Company.. Times interest earned for Miller Company and Weaver Company. Choose Numerator: Choose Denominator Times interest eamed 1 Times interest earned
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