Ask Question
13 September, 09:28

If you have your net worth and assets, how do you get your liabilities?

1) nw=9456.00 a=15640.00 l=?

+5
Answers (1)
  1. 13 September, 13:12
    0
    Net worth is derived by subtracting liabilities from assets.

    Net worth = Asset - Liabilities

    Based from the above formula:

    Asset = Liabilities + Net Worth

    Liabilities = Asset - Net Worth

    Liabilities = 15640 - 9456

    Liabilities = 6184

    Assets are your investments, properties, or any other income generating properties and activities

    Liabilities are your debts and other accounts payable

    Net worth is the net value of assets less liabilities
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If you have your net worth and assets, how do you get your liabilities? 1) nw=9456.00 a=15640.00 l=? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers