Required information 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). Sales Miller Company $1,250,000 1,000,000 Variable expenses (80%) Income before interest Interest expense (fixed) Net income Sales 250,000 68,000 $182,000 Weaver Company $1,250,000 750,000 Variable expenses (60%) Income before interest 500,000 Interest expense (fixed) Net income 318,000 $182,000 Problem 11-5A (Algo) Part 2 2. What happens to each company's net income if sales increase by 20% ? (Round your answers to nearest whole percent.) Company Net income Increases by Weaver Company Increases by Miller Company % Required information 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). Miller Company $1,250,000 Sales Variable expenses (80%) Interest expense (fixed) Income before interest Net income 1,000,000 250,000 68,000 $ 182,000 Weaver Company Sales Variable expenses (60%) $1,250,000 750,000 Income before interest 500,000 Interest expense (fixed) Net income 318,000 $182,000 Problem 11-5A (Algo) Part 3 3. What happens to each company's net income if sales increase by 30% ? (Round your answers to nearest whole percent.) Company Miller Company Increases by Weaver Company Increases by Net income % %