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You have been given the following information for Moore's HoneyBee Corp.: a. Net sales = $33,000,000. b. Gross profit = $18,300,000. c. Other operating expenses
You have been given the following information for Moore's HoneyBee Corp.:
a.Net sales = $33,000,000.b.Gross profit = $18,300,000.c.Other operating expenses = $2,300,000.d.Addition to retained earnings = $4,300,000.e.Dividends paid to preferred and common stockholders = $2,300,000.f.Depreciation expense = $2,840,000.The firm's tax rate is 34 percent.
Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corp.
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