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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 $ 1,100,000

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

Miller Company
Sales$1,100,000
Variable expenses (80%)

880,000

Income before interest220,000
Interest expense (fixed)72,000
Net income$

148,000

Weaver Company
Sales$1,100,000
Variable expenses (60%)

660,000

Income before interest440,000
Interest expense (fixed)292,000
Net income$

148,000

1. Compute times interest earned for Miller Company.
2. Compute times interest earned for Weaver Company.
3. What happens to each company's net income if sales increase by 50%. (Round your answers to nearest whole percent.)
4. 
What happens to each company's net income if sales increase by 60%? (Round your answers to nearest whole percent.)
5.
 What happens to each company's net income if sales increase by 90%? (Round your answers to nearest whole percent.)
6.
 What happens to each company's net income if sales decrease by 20%? (R
.
 What happens to each company's net income if sales decrease by 30%? (Round your answers to nearest whole percent.)
8.
What happens to each company's net income if sales decrease by 40%?

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