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You have been given the following information for Moore's Honey Bee Corp.: a. Net sales = $35,000,000. b. Gross profit = $18, 500,000. c. Other
You have been given the following information for Moore's Honey Bee Corp.: a. Net sales = $35,000,000. b. Gross profit = $18, 500,000. c. Other operating expenses = $2, 500,000. d. Addition to retained earnings = $4, 500,000. e. Dividends paid to preferred and common stockholders = $2, 500,000. f. Depreciation expense = $2, 860,000. The firm's tax rate is 30 percent. Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corp
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