Saturday 21 September 2013

Based on the following data, determine the amount of total assets, total liabilities, and net worth. Liquid assets $ 4,520 Investment assets $ 8,990 Current liabilities $ 2,320 Household assets $ 94,390 Long-term liabilities $ 82,730 a. Total assets $ 107,900 correct b. Total liabilities $ 85,050 correct c. Net worth $ 22,850 correct

Based on the following data, determine the amount of total assets, total liabilities, and net worth.

 Liquid assets $ 4,520    Investment assets $ 8,990  
 Current liabilities $ 2,320    Household assets $ 94,390  
 Long-term liabilities $ 82,730   


 a.  Total assets 107,900 correct  
 b.  Total liabilities 85,050 correct  
 c.  Net worth 22,850 correct  

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