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[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
[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 Variable expenses (89%) Income before interest Interest expense (fixed) Net income $ 1,200,000 960,000 248, eee 79, eee $ 170,eee Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $ 1,200, eee 720, eee 480,000 310,000 $ 170,000 Problem 11-5A (Algo) Part 1 Required: . Compute times Interest earned for Miller Company and for Weaver Company. Times interest earned for Miller Company and Weaver Company. Choose Numerator 1 Choose Denominator: = Times interest earned 1 Times interest earned 1 = = 0 1 0
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