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(Solved): You have been given the following information for Moore's HoneyBee Corp.: a. Net sales =$37,000,000. ...
You have been given the following information for Moore's HoneyBee Corp.: a. Net sales
=$37,000,000. b. Gross profit
=$18,700,000. c. Other operating expenses
=$2,700,000. d. Addition to retained earnings
=$7,175,000. e. Dividends paid to preferred and common stockholders
=$2,700,000. f. Depreciation expense
=$2,880,000. The firm's tax rate is 21 percent. The firm's interest expense is all tax deductible. Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corp, (Round your answers to the nearest dollar amount.)
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