Shown here are condensed income statements for two different companies ( assume no income taxes ) .

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Shown here are condensed income statements for two different companies

(

assume no income taxes

) .

Miller Company

Sales $

1, 350, 000

Variable expenses

(80 %) 1, 080, 000

Income before interest

270, 000

Interest expense

(

fixed

) 64, 000

Net income $

206, 000

Weaver Company

Sales $

1, 350, 000

Variable expenses

(60 %)

810, 000

Income before interest

540, 000

Interest expense

(

fixed

) 334, 000

Net income

206, 000

3 .

What happens to each company\'s net income if sales increase by

40 % ?

Note: Round your answers to nearest whole percent.

Posted Date: May 11, 2024 02:30 AM

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Shown here are condensed income statements for two different companies ( assume no income taxes ) .

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