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You have bee given following formation for Moore's H a. Net sales = $31,000,000. b. Gross profit = $18,100,000. c. Other operating expenses $2,100,000.
You have bee given following formation for Moore's H a. Net sales = $31,000,000. b. Gross profit = $18,100,000. c. Other operating expenses $2,100,000. d. Addition to retained earnings = $7,301,000. e. Dividends paid to preferred and common stockholders = $2,100,000. f. Depreciation expense = $2,820,000. The firm's tax rate is 21 percent. The firm's interest expense is all tax deductible. Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corporation. Note: Round your answers to the nearest dollar amount. Cost of goods sold $ 12,900,000 Interest expense
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