# Finance

Jackson finds that his total assets add up to \$124,690 and his total liabilities add to \$96,800. What is his net worth? - or +

1. 👍
2. 👎
3. 👁
1. Subtract.

1. 👍
2. 👎
2. -27,890

1. 👍
2. 👎

## Similar Questions

1. ### accounting

Lily Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2009 \$400,000 \$250,000 2010 \$460,000 \$300,000 2011 \$590,000 \$400,000 Lily began business on January 1, 2009,

2. ### finance

A firm's long term assets = \$75,000, total assets = \$200,000, inventory = \$25,000 and current liabilities = \$50,000.

3. ### business

Debt-to-equity ratio is: A. calculated by dividing total liabilities by net worth. B. calculated by dividing monthly debt payments by net monthly income. C. determined by dividing your assets by liabilities. D. rarely used by

4. ### Finance

Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts: ASSETS Cash \$25,000 3.4% Accounts receivable \$125,000 _____ Inventory _______ 27.1% Total current assets \$350,000 ______ Gross

1. ### Introduction to Finance: Harvesting the Money Tree

27. Prepare a statement of cash flows for the Crosby Corporation. Follow the general procedures indicated in Table 2–10 on page 38 . Statement of cash flows (L04) Current Assets Liabilities Cash . . . . . . . . . . . . . . . . .

2. ### math

Given is the Income Statement for the year ended December 31, 2015, Statement of Retained Earnings for the year ended December 31, 2015 and Comparative Balance Sheets for 2014 and 2015 of Maris Corporation: Maris Corporation

3. ### Accounting

What is the correct formula for finding the return on assets (ROA)? ROA = Net Income / Total Assets or ROA = Net Profit / Average Total Assets I'm getting conflicting information on whether I should take the sum of the assets or

4. ### Math

A firm has \$200,000 in total assets and \$120,000 in owner's equity. What are the total liabilities? A. \$80,000 B. \$200,000 C. \$320,000 D. Cannot be determined from the information given A

1. ### Finance

P2. Use your knowledge of balance sheets to fill in the missing amounts: Assets: CASH - \$10,000 ACCOUNTS RECEIVABLE - \$100,000 INVENTORY - \$------ TOTAL CURRENT ASSETS – \$220,000 GROSS PLANT AND EQUIPMENT – \$500,000 LESS:

2. ### financial management

Data for Barry Computer Company and its industry averages follow: A. Calculate the indicated ratios for Barry. B. Construct and extend DuPont evaluation for both Barry and the industry. C. Outline Barry’s strengths and

3. ### accounting

Acme Inc. has total liabilities of \$120,000, total sales of \$80,000, net income of \$12,000, current assets of \$90,000 and total assets of \$150,000. What is the debt to equity ratio for Ac

4. ### Accounts

Katie's Vegetarian Restaurant, with total assets of \$90,000, borrows \$15,000 from the bank. Which of the following is a true statement upon borrowing the money? Total assets are now \$105,000. Total assets are now \$80,000. Total