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Patricia mcdonald has determined that the value of her liquid assets is $4,500, the value of her real estate is $128,000, the value of her personal possessions is $62,000, and the value of her investment assets is $73,000. she has also determined the value of her current liabilities is $7,500 and the value of her long term liabilities is $98,000. what is patricia's net worth

Respuesta :

$373, 000 *not sure because I don't study business*

Answer:

$162000 total net worth.

Explanation:

Net worth is a measure of wealth. It could be the wealth of an individual, an entity, company and even countries.  Net worth is calculated by subtracting  total of liabilities from total of assets.

Patricia has the following assets: $4500 + $128000 + $62000 + $73000 = $267500

Her total liabilities are $7500 + $98000 = $105500

$267500-$105500=$162000 total net worth.

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