ou have been given the following information for Moore’s HoneyBee Corp.:  Net sales = $44,000,000. Gross profit = $19,400,000. Other operating expenses = $3,400,000. Addition to retained earnings = $8,328,000. Dividends paid to preferred and common stockholders = $2,100,000. Depreciation expense = $2,000,000.  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.)       Cost of goods sold   Interest expense

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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ou have been given the following information for Moore’s HoneyBee Corp.:
 

  1. Net sales = $44,000,000.

  2. Gross profit = $19,400,000.

  3. Other operating expenses = $3,400,000.

  4. Addition to retained earnings = $8,328,000.

  5. Dividends paid to preferred and common stockholders = $2,100,000.

  6. Depreciation expense = $2,000,000.

 
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.)

 
 
 
Cost of goods sold  
Interest expense  
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