Calculate the cost of goods sold and the interest expense

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Reference no: EM131266416

You have been given the following information for Moore’s HoneyBee Corp.: a. Net sales = $34,000,000. b. Gross profit = $18,400,000. c. Other operating expenses = $2,400,000. d. Addition to retained earnings = $4,400,000. e. Dividends paid to preferred and common stockholders = $2,400,000. f. Depreciation expense = $2,850,000. The firm’s tax rate is 32 percent.

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

Cost of goods sold $

Interest expense $

Reference no: EM131266416

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