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Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). 2. What happens to each company's net income if sales increase by 40% ? Note: Round your answers to nearest whole percent. Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). 3. What happens to each company's net income if sales increase by 50% ? Note: Round your answers to nearest whole percent. Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). 4. What happens to each company's net income if sales decrease by 20% ? Note: Round your answers to nearest whole percent. Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). 5. What happens to each company's net income if sales decrease by 40% ? Note: Round your answers to nearest whole percent
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Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). 2. What happens to each company's net income if sales increase by 40% ? Note: Round your answers to nearest whole percent. Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). 3. What happens to each company's net income if sales increase by 50% ? Note: Round your answers to nearest whole percent. Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). 4. What happens to each company's net income if sales decrease by 20% ? Note: Round your answers to nearest whole percent. Required information [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). 5. What happens to each company's net income if sales decrease by 40% ? Note: Round your answers to nearest whole percent 