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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

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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 Sales Variable expenses (80%) Income before interest Interest expense (fixed) Net income $1,eee, eee see, eee zee, eee 60,eee $ 140,00 Weaver Company Sales Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,eee, eee 6ee, eee 400,000 26e, een $ 140, eee 2. What happens to each company's net income if sales increase by 30%? (Round your answers to nearest whole percent.) Net income Company Miller Co. Weaver Co. % 96

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