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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 (both are organized as
Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (both are organized as LLCS and pay no income taxes). Miller Company Sales $1,150,000 920,000 Variable expenses (80%) Income before interest 2 Interest expense (fixed) 166,000 Net income S Weaver Company $1,150,000 690,000 460,000 294,000 Sales Variable expenses (60%) Income before interest Interest expense (fixed) S 166,000 Net income Required: 1. Compute times interest earned for Miller Company. Times interest earned for Miller Company IChoose Denominator:= Choose Nume rator: Times interest earned Times interest earned
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