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You have been given the following information for Moores HoneyBee Corp a Net sales $36000000 b Gross profit $18600000 c Other operating expenses $2600000 d Addition to retained

You have been given the following information for Moore’s HoneyBee Corp.:

a.	Net sales = $36,000,000.
b.	Gross profit = $18,600,000.
c.	Other operating expenses = $2,600,000.
d.	Addition to retained earnings = $4,600,000.
e.	Dividends paid to preferred and common stockholders = $2,600,000.
f.	Depreciation expense = $2,870,000.
	The firm’s tax rate is 36 percent.

Calculate the cost of goods sold and the interest expense for Moore’s HoneyBee Corp.

Cost of goods sold $___________?

Interest expense $____________?

Apr 05 2020 View more View Less

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You have been given the following information for Moores HoneyBee Corp a Net sales $36000000 b Gross profit $18600000 c Other operating expenses $2600000 d Addition to retained

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