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Ramon has assets that sum up to $253,000. He has liabilities that sum up to $216,345. what is his net worth?
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1 vote
Ramon has assets that sum up to $253,000. He has liabilities that sum up to $216,345. what is his net worth?

User Generic Human
by
4.4k points

1 Answer

5 votes

Net worth is equal to total assets minus total liabilities (debt).

So,

Total Assets = 253000

Total Liabilities = 216345

Hence,

Net Worth = 253000 - 216345 = $36,655

User Rick Button
by
5.3k points
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