List the facts about balance sheet statement

Reference no: EM131970943

Question: Erica owns a flower shop. She sells flower arrangements for $28. Her fixed expenses accounts to $3,200 and her variable cost is $12 per each arrangement. Can you help her to compute how many arrangment she must sell before she starts making a profit?

1. List three facts about Balance Sheet statement (please answer in full sentence)

2. List three facts about Income Statement (please answer in full sentence)

3. Provide the Accounting Equation and what financial statement does it represents?

4. Provide the EPS formula and what statement disclose this information?

Reference no: EM131970943

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