3 The table shows Clark's assets and liabilities.
What is Clark's net worth?
Item
Cash/Savings
Credit Card Debt
Car Payoff
Clothes
Student Loan
Value ($)
375
3,405
2,645
525
1,366
OH $5,150
F -$6,516
G-$5,150
O , $6,516

Respuesta :

Clark's net worth given his assets and liabilities is $-6516.

What is Clark's net worth?

Net worth is total assets less liabilities. Assets are items owned by a person that creates benefits in the future to the person. Clark's assets are cash and clothes.

Liabilities are what are owed to another person. They reduce the economic value of a person. Clark's liabilities are credit card debt, car pyoff and student loan.

Net worth = 375 - 3405 - 2645 + 525 - 1366 = $-6,516.

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