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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 (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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