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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).
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 (801) 920,000 Income before interest 230,000 Interest expense (fixed) 72,000 Net income $ 158,000 Weaver Company Sales Variable expenses (608) Income before interest Interest expense (fixed) Not income $ 1,150,000 690,000 460,000 302,000 $ 158,000 4. What happens to each company's net income if sales decrease by 10%? (Round your answers to nearest whole percent.) Not income Company Miller Company Weaver Company % 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 $ 1,150,000 Variable expenses (801) 920,000 Income before interest 230,000 Interest expense (fixed) 72,000 Net Income $ 158,000 Sales Weaver Company Sales Variable expenses (601) Income before interest Interest expense (fixed) Net income $ 1,150,000 690.000 460,000 302,000 $ 158,000 5. What happens to each company's net income if sales decrease by 30%? (Round your answers to nearest whole percent.) Not incomo Company Miller Company Weaver Company % %
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