Question

Partial financial information for Harbaugh Outpatient Clinic, a nonprofit entity, for the previous two years is provided below: Date Total Assets Total Net Worth 12/31/2016 $515,000 $368,000 12/31/2017 $528,000 $377,000 Computer the percentage change in Total Liabilitios from years 2016 to 2017 2.72% -2.65% 39.95% 40.05%

Answer 1

Net worth = total assets - total liabilities
			2016	2017	change
total assets			515,000	528,000
less net worth			-368,000	-377,000
total liabilities			147,000	151,000	4,000
	% change		4000/147000
			2.72%	answer