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Shown here are condensed income statements for two different companies (both are organized as LLCs and pay no income taxes). Miller Company Sales $1,000,000 Variable

Shown here are condensed income statements for two different companies (both are organized as LLCs and pay no income taxes).

Miller Company

Sales $1,000,000

Variable expenses (80%) 800,000

Income before interest 200,000

Interest expense (fixed) 60,000

Net income $140,000

Weaver Company

Sales $1,000,000

Variable expenses (60%) 600,000

Income before interest 400,000

Interest expense (fixed) 260,000

Net income $140,000

What happens to each company's net income if sales increase by 30%? (Round your answers to nearest whole percent.)

What happens to each companys net income if sales increase by 50%? (Round your answers to nearest whole percent.)

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