Balance Sheet Liquid assets Tangible assets $3,400 $32,900 Investment assets $14,900 Short-term liabilities $5,200 Long-term liabilities...

 

Transcribed Image Text:

Balance Sheet Liquid assets Tangible assets $3,400 $32,900 Investment assets $14,900 Short-term liabilities $5,200 Long-term liabilities $32,800 Income Statement Gross income Taxes paid Debt repayment Rent payment All other expenses Total expenses $100,300 $17,100 $32,100 $5,500 $6,600 Calculate their net worth. $61,300 Balance Sheet Liquid assets Tangible assets $3,400 $32,900 Investment assets $14,900 Short-term liabilities $5,200 Long-term liabilities $32,800 Income Statement Gross income Taxes paid Debt repayment Rent payment All other expenses Total expenses $100,300 $17,100 $32,100 $5,500 $6,600 Calculate their net worth. $61,300

Answer rating: 100% (QA)

Calculating net worth involves summing up all assets and t... View the full answer