a person has total assets = 1646.08 calculate the net worth

a) 3257.14 b) 33.57 c) -3257.14 d) 1038.10

7 answers

your net worth is the excess of assets over liabilities.
Sorry the liabilities is $4903.22
So what is your answer?
assets minus liabilities = net worth
Generally, negative net worth is frowned on.
What??? Bobpursley already told you what you should have realized -- negative worth is frowned upon. How the dickens can the net worth be positive when the assets are less than the liabilities???
Yes, C.