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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 taxes).

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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 taxes). Miller Company Sales $1,150,000 Variable expenses (80%) 920, eee Income before interest 230,000 Interest expense (fixed) 74,000 Net income $ 156,000 Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,150,000 690,000 460,000 304,000 $ 156,000 Required: 1. Compute times interest earned for Miller Company and for Weaver Company Prev 13 of 13 Required: 1. Compute times interest earned for Miller Company and for Weaver Company.. Times interest eamed for Miller Company and Weaver Company. Choose Numerator: Choose Denominator = Times interest earned Times interest earned

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