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You have been given the following information for Moores HoneyBee Corp.: Net sales = $49,000,000. Gross profit = $19,900,000. Other operating expenses = $3,900,000. Addition
You have been given the following information for Moores HoneyBee Corp.:
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Net sales = $49,000,000.
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Gross profit = $19,900,000.
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Other operating expenses = $3,900,000.
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Addition to retained earnings = $5,900,000.
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Dividends paid to preferred and common stockholders = $2,300,000.
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Depreciation expense = $2,050,000.
The firms tax rate is 36 percent.
Calculate the cost of goods sold and the interest expense for Moores HoneyBee Corp.
Costs of goods sold = ?
Interest expense = ?
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