Wanda realizes, like so many other business owners, that she is great at what she does, however, she feels that she needs to have a better understanding of her financial situation. Wanda comes to you for help. Review the income statement information provided in the case information and answer the following questions that Wanda has about her finances.

1.What is the sales revenue for the various product offerings: Party Pooch, Chicken Cuties, Bison Bites, Lamb Lovies (list the revenue for each of the offerings)

2.What is the Gross Profit percentage for Salty Pawz? (Hint: This answer should not be a dollar amount, it should be a percentage. You will need to calculate; it is not given)

3.Wanda would like to get some estimates on insurance premium costs, to see if she can get her premiums reduced. What did Wanda spend on insurance?

4. What was the net income before taxes for Salty Pawz?

Sales + Revenue: For the last 6 months, Wandas sales have broken down as shown below. She has also provided you with her cost for each variety of treat.

Products/Services	% of Sales	Sales Price	COGS	Contribution	Profit Margin	Profit Margin
Party Pooch	45%	20.00	10.40	9.60	48.00%	21.60%
Chicken Cuties	18%	15.00	7.80	7.20	48.00%	8.64%
Bison Bites	5%	21.00	10.80	10.20	48.57%	2.43%
Lamb Lovies	32%	24.00	12.60	11.40	47.50%	15.20%
(Must equal 100%)	100%		Average profit margin:			47.87%
	Sales Price	COGS
Chicken Cuties	1.25	0.65
Bison Bites	1.75	0.90
Lamb Lovies	2.00	1.05