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You have been given the following information for Moores HoneyBee Corp.: a. Net sales = $41,000,000. b. Gross profit = $19,100,000. c. Other operating expenses
You have been given the following information for Moores HoneyBee Corp.: a. Net sales = $41,000,000. b. Gross profit = $19,100,000. c. Other operating expenses = $3,100,000. d. Addition to retained earnings = $5,100,000. e. Dividends paid to preferred and common stockholders = $2,600,000. f. Depreciation expense = $2,920,000. 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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