Assets
Current 10,000
Intermediate 40,000
Long term 200,000
Total assets 250,000
Liabilities
Current 5,000
Intermediate 30,000
Long term 65,000
Total liabilities 100,000
the financial assets and liabilities record provided, what is the net worth of this person?
Responses
A $100,000.00$100,000.00
B $135,000.00$135,000.00
C $150,000.00$150,000.00
D $250,000.00
The net worth of this person can be calculated by subtracting the total liabilities from the total assets.
Net worth = Total assets - Total liabilities
Net worth = $250,000 - $100,000
Net worth = $150,000
Therefore, the correct response is C) $150,000.