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You have been given the following information for Moores HoneyBee Corp.: a. Net sales = $47,000,000. b. Gross profit = $19,700,000. c. Other operating expenses
You have been given the following information for Moores HoneyBee Corp.: |
a. | Net sales = $47,000,000. |
b. | Gross profit = $19,700,000. |
c. | Other operating expenses = $3,700,000. |
d. | Addition to retained earnings = $5,700,000. |
e. | Dividends paid to preferred and common stockholders = $2,400,000. |
f. | Depreciation expense = $2,030,000. |
The firms tax rate is 36 percent. |
Calculate the cost of goods sold and the interest expense for Moores HoneyBee Corp. |
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