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For this section, you must show your work to earn any credit, partial or otherwise. 1. You have been given the following information for Moore's
For this section, you must show your work to earn any credit, partial or otherwise. 1. You have been given the following information for Moore's HoneyBee Corp., calculate the earnings per share (EPS) and the interest expense for Moore's Honey Bee Corp. a. Net sales = $32,000,000; b. Gross profits = $14,000,000; c. SG&A (selling, general & administration) expenses = $2,500,000; d. Addition to retained earnings = $4,500,000; e. Dividends paid to preferred and common stockholders = $500,000; f. Dividends paid to preferred and common stockholders = $1,500,000; g. Depreciation expense = $2,800,000 h.# of common shares outstanding = 1,000,000 1. Corporate tax rate = 21%
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