Homework Answers
Solution 3:
Total Net Worth = Total Assets - Total Liabilities
= $200,000 - $150,000
= $50,000
Solution 4:
Total Assets - Total Liabilities = Total Net Worth
Total Assets = Total Net Worth + Total Liabilities
Total Assets = $200,000 + $200,000 + $500,000
Total Assets = $900,000
Now
Fixed assets + Current Assets = Total Assets
Fixed Assets = Total Assets - Current assets
Fixed Assets = $900,000 - $300,000
Fixed Assets = $600,000
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