Shown here are condensed income statements for two different companies (both are organized as LLCs and pay no income taxes).
| Miller Company | ||
| Sales | $ | 1,000,000 |
| Variable expenses (80%) | 800,000 | |
| | | |
| Income before interest | 200,000 | |
| Interest expense (fixed) | 60,000 | |
| | | |
| Net income | $ | 140,000 |
| | | |
| | ||
| Weaver Company | ||
| Sales | $ | 1,000,000 |
| Variable expenses (60%) | 600,000 | |
| | | |
| Income before interest | 400,000 | |
| Interest expense (fixed) | 260,000 | |
| | | |
| Net income | $ | 140,000 |
| | What happens to each company’s net income if sales increase by 30%? |
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