- On June 1 2020 The Crocus Company Began Construction Of A New Manufacturing Plant The Plant Was Completed On October 1 (49.91 KiB) Viewed 12 times
On June 1, 2020, the Crocus
Company began construction of a new manufacturing plant. The plant was completed on October 31, 2021. Expenditures on the project were follows ($ in millions): July 1, 2020 October 1, 2020 February 1, 2021 April 1, 2821 September 1, 2021 October 1, 2021 Multiple Choice On July 1, 2020, Crocus obtained a $118 million construction loan with a 10% interest rate. The loan was outstanding through the end of October, 2021. The
company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 9%. This note was outstanding during all of 2020 and 2021. The
company's fiscal year end is December 31. In computing the capitalized interest for 2021, Crocus' average accumulated expenditures are: O O O O $158.80 million. $236.75 million. $216.04 million. 86 54 $234.80 million. 62 37 36 22