Question: Required information Problem 11-5A Computing and analyzing times interest earned LO A1 [The following information applies to the questions displayed below.] Shown here are

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Required information Problem 11-5A 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 Variable expenses (80%)) $1,350,000 1,080,000 Income before interest Interest expense (fixed)) Net income: 270,000 58,000 $ 212,000 Sales Weaver Company Variable expenses (60%) Income before interest Interest expense (fixed) Net income $1,350,000 810,000 540,000 328,000 $ 212,000
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