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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 $ 1,350,000

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

Miller Company
Sales $ 1,350,000
Variable expenses (80%)

1,080,000

Income before interest 270,000
Interest expense (fixed) 70,000
Net income $

200,000

Weaver Company
Sales $ 1,350,000
Variable expenses (60%)

810,000

Income before interest 540,000
Interest expense (fixed) 340,000
Net income $

200,000

13. value:

1.64 points Required information

Required:
1. Compute times interest earned for Miller Company.

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