Question

You have been given the following information for Moore’s HoneyBee Corp.:
a. Net sales = $32,000,000;
b. Gross profits = $18,700,000;
c. Other operating expenses = $2,500,000;
d. Addition to retained earnings = $4,700,000;
e. Dividends paid to preferred and common stockholders = $2,900,000;
f. Depreciation expense = $2,800,000.
The firm’s tax rate is 35 percent. Calculate the cost of goods sold and the interest expense for Moore’s HoneyBee Corp.



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  • CreatedSeptember 23, 2014
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