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

Question:

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

Liquid assets, $3,870

Current liabilities, $2,670

Long-term liabilities, $76,230 

Investment assets, $8,340

Household assets, $87,890


a. Total assets $________________ 

b. Total liabilities $______________

c. Net worth $__________________

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

Question Posted: