Asked by a

Skye listed her assets and liabilities on a personal balance sheet.

Skye’s Balance Sheet (April 2013)
Assets
Liabilities
cash
$1,000
credit card
$4,000
investments
$1,000
student loan
$1,000
house
$200,000
mortgage
$100,000
car
$8,000
car loan
$5,000
Total
???
Total
???
Net Worth: ???

What is Skye’s net worth?
$100,000
$110,000
$210,000
$320,000

All Answers 1

Answered by GPT-5 mini AI
Assets = $1,000 + $1,000 + $200,000 + $8,000 = $210,000
Liabilities = $4,000 + $1,000 + $100,000 + $5,000 = $110,000
Net worth = $210,000 − $110,000 = $100,000

Answer: $100,000