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Asiago National Bank has assets of $900,000 and liabilities of $300,000. Asiago National Bank's net worth is $300,000. $600,000. $900,000. $1,200,000.
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6 votes
6 votes
Asiago National Bank has assets of $900,000 and liabilities of $300,000. Asiago National Bank's net worth is $300,000. $600,000. $900,000. $1,200,000.

User Feiiiiii
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1 Answer

14 votes
14 votes

Answer:

Net worth = $600000

Step-by-step explanation:

Below is the calculation:

Given the Assets = $900000

Liabilities of the bank = $300000

The net worth can be calculated by subtracting the liability from the assets.

Net worth = Assets - Liabilities

Net worth = 900000 - 300000

Net worth = $600000

User MLSC
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2.7k points
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