QUIZ#1 - ACCT 6850	VENUS COMPANY
	INCOME STATEMENT
	12/31/202X
		%
1. SALES	$ 25,400,000	%
2. COST OF GOODS SOLD	$ 14,500,000
3. GROSS PROFIT	$	%	GROSS MARGIN
4. SELLING & ADMINISTRATIVE X	$ 5,974,410
5. DEPRECIATION & AMORTIZATION X	$ 825,440
6. OPERATING PROFIT (EBIT)	$	%	OPERATING MARGIN-EBIT
7. INTEREST EXPENSE	$ 725,444
8. EARNINGS BEfORE TAXES (EBT)	$	%	EBT
9. TAXES	$ 742,558
10. EARNINGS AFTER TAXES (EAT)
(NET INCOME)	$	%	EAT (NET INCOME)
11. PREFERRED STOCK DIVIDENDS	$ 455,700
12. EARNINGS AVAILABLE TO
COMMON STOCKHOLDERS (NET
INCOME APPLICABLE TO COMMON)
(NET PROFIT) (NET EARNINGS)	$	%	NET PROFIT MARGIN
13. COMMON SHARES OUTSTANDING	1,000,000
14. EARNINGS PER SHARE (EPS)	$
2) Calculate the missing data from the spreadsheet for VENUS Company. Anytime you
see a $ sign, there is a calculation to do. Either - subtract, or divide. Also calculate the Gross
Margin, Operating Margin, Earnings Before Taxes (EBT), Earnings After Taxes (EAT)(Net
Income), and Net Profit Margin - all stated as a %.