8. Understanding Your Financial Statements 18. Which one is correct? Assets + liabilities - Equity Assets+ Equity Liabilities Assets-liabilities - Equity Equity-liabilities Assets 19. A balance sheet does not show What a company owns in the form of assets What it owes in the form of liabilities The amount of money invested by shareholders Fair market value Return on equity Gross margin ratio Breakeven point Cost of customer acquisition 5 points 20. If a business owner needs to determine the amount of sales required to spoints breakeven, which below ratio will help provide this information? A copy of your responses will be emailed to the address you provider 5 points