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Shown here are condensed income statements for two different companies ( assume no income taxes ) . Miller Company Sales $ 1 , 0 0
Shown here are condensed income statements for two different companies assume no income taxes
Miller Company
Sales $
Variable expenses
Income before interest
Interest expense fixed
Net income $
Weaver Company
Sales $
Variable expenses
Income before interest
Interest expense fixed
Net income $ Compute times interest earned for Miller Company and for Weaver Company.
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