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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 $ 1,250,000
Variable expenses (80%)

1,000,000

Income before interest 250,000
Interest expense (fixed) 58,000
Net income $

192,000

Weaver Company
Sales $ 1,250,000
Variable expenses (60%)

750,000

Income before interest 500,000
Interest expense (fixed) 308,000
Net income $

192,000

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

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