Creating an Equity Sheet Consumer

Equity Equity is defined as the value of the item minus what you owe on the item. In practical terms, this tells you how much someone is worth. In this assignment, you'll create your own equity sheet and list out the items that you have (you don't have to be exact), subtract what you owe in them and that'll calculate your equity. By doing this, you'll be able to calculate your net worth. I have an example listed below that can help you out.

Formula: Value of the Item - What You Owe = Equity To calculate the net worth, you would add up the numbers in the equity column (subtract the numbers with negative signs) and that is how much you are worth. Therefore