Calculate the cost of goods sold

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Reference no: EM131794027

Question: 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 = $4,700,000.

e. Dividends paid to preferred and common stockholders = $2,700,000.

f. Depreciation expense = $2,880,000.

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 $

Reference no: EM131794027

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