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You have been given the following information for Moores HoneyBee Corp.: a. Net sales = $37,000,000. b. Gross profit = $18,700,000. c. Other operating expenses
You have been given the following information for Moores HoneyBee Corp.: a. Net sales = $37,000,000. b. Gross profit = $18,700,000. c. Other operating expenses = $2,700,000. d. Addition to retained earnings = $4,700,000. e. Dividends paid to preferred and common stockholders = $2,700,000. f. Depreciation expense = $2,880,000. The firms tax rate is 36 percent. Calculate the cost of goods sold and the interest expense for Moores HoneyBee Corp. Cost of goods sold $ Interest expense $
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