Asha owns $305,000 worth of total assets. She owes a total of $120,000 for her mortgage and a student loan, but she has no other liabilities. What is Asha’s net worth?

Answer 1

To find Asha's net worth, subtract the total liabilities ($120,000) from the total assets ($305,000):

Net Worth = Total Assets - Total Liabilities
Net Worth = $305,000 - $120,000
Net Worth = $<<305000-120000=185,000>>185,000

Therefore, Asha's net worth is $185,000.