You have a sneaker collection worth $2,000, and you have $300 in
your savings account. But you also have a credit card balance of
$200. What are your total assets?
To calculate your total assets, add the value of your sneaker collection ($2,000) to the balance in your savings account ($300), and subtract the credit card balance ($200):
Total assets = $2,000 + $300 - $200
Total assets = $2,300 - $200
Total assets = $2,100
Therefore, your total assets amount to $2,100.