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You have been given the following information for Moore's HoneyBee Corp.: A. Net sales = $30,000,000 B. Gross profit = $18,000,000 C. Other operating expenses
You have been given the following information for Moore's HoneyBee Corp.:
A. Net sales = $30,000,000
B. Gross profit = $18,000,000
C. Other operating expenses = $2,000,000
D. Addition to retained earnings = $4,000,000
E. Dividends paid to preferred and common stockholders = $2,000,000
F. Depreciation expense =$2,810,000
The firm's tax rate is 40 percent
Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corp.
Cost of goods sold =
Interest expense =
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