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 $1,000,000 Variable expenses (50%) 800,000 Income before interest 200, eee Interest expense (fixed) 60,000 Net income $ 140,000 Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,000,000 600,000 400,000 260,000 $ 140,000 Required: Required: 1. Compute times interest earned for Miller Company and for Weaver Company Times Interest Eamed for Miller Company and for Weaver Company, Choose Numerator: Choose Denominator: Times interest earned Times interest earned 0 0 2. What happens to each company's net income if sales increase by 30%? (Round your answers to nearest whole percent.) Net income Company Miller Co. Weaver Co % % es Interest expense (fixed) Net income 260,000 $ 140,000 3. What happens to each company's net income if sales increase by 50%? (Round your answers to nearest whole percent.) Net Income Company Miller Co Weaver Co. % LUNE 4. What happens to each company's net income if sales decrease by 10% (Round your answers to nearest whole percent.) Net Income Company Miler Co Weaver Co % dll 5. What happens to each company's net income if sales decrease by 40%? (Round your answers to nearest whole percent.) Net Income Company Mer Co. Weaver Co %