Question: Problem 11-5A (Algo) Computing and analyzing times interest earned LO A1 [The following information applies to the questions displayed below.] Shown here are condensed income
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Problem 11-5A (Algo) Computing and analyzing times interest earned LO A1 [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). Problem 11-5A (Algo) Part 1 Required: 1. Compute times interest earned for Miller Company and for Weaver Company. 2. What happens to each company's net income if sales increase by 40% ? (Round your answers to nearest whole petcent.) 3. What happens to each company's net income if sales increase by 50% ? (Round your answers to nearest whole percent.) \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Company } & Net incomo \\ \hline Miller Company & & % \\ \hline Weaver Company & & % \\ \hline \end{tabular}
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