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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 $1,300,000 Variable expenses (804) 1,040,000 Income before interest 260,000 Interest expense (fixed) 64,000 Net income $ 196,000 Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1.300.000 780,000 520,000 324.000 $ 196,000 2. What happens to each company's net income if sales increase by 30%. (Round your answers to nearest whole percent.) Company Net income Miller Co. Weaver Co. 4. What happens to each company's net income if sales decrease by 20%? (Round your answers to nearest whole percent.) Net Income Company Miller Co. Weaver Co

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