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

a. Net sales = $33,000,000.

b. Gross profit = $18,300,000.

c. Other operating expenses = $2,300,000.

d. Addition to retained earnings = $4,300,000.

e. Dividends paid to preferred and common stockholders = $2,300,000.

f. Depreciation expense = $2,840,000.

The firm’s tax rate is 34 percent.

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

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92068572

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