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(Solution) - Shown here are condensed income statements for two different companies

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Shown here are condensed income statements for two different companies (both are organized as LLQ and pay no income taxes).

Required
1. Compute times interest earned for Ellis Company.
2. Compute times interest earned for Seidel Company.
3. What happens to each company's net income if sales increase by 10%?
4. What happens to each company's net income if sales increase by 40%?
5. What happens to each company's net income if sales increase by 90%?
6. What happens to each company's net income if sales decrease by 20%?
7. What happens to each company's net income if sales decrease by 50%?
8. What happens to each company's net income if sales decrease by 80%?

 







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This question was answered on: Jul 11, 2017

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