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You have been given the following information for Moores HoneyBee Corp.: a. Net sales = $30,000,000. b. Gross profit = $18,000,000. c. Other operating expenses
You have been given the following information for Moores HoneyBee Corp.: a. Net sales = $30,000,000. b. Gross profit = $18,000,000. c. Other operating expenses = $2,000,000. d. Addition to retained earnings = $4,000,000. e. Dividends paid to preferred and common stockholders = $2,000,000. f. Depreciation expense = $2,810,000. The firms tax rate is 40 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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