The Roth family has liquid assets of $10,000, use assets of $150,000 and investment assets of $34,000. They also have liabilities totaling $108,000. If their total liabilities increase by $7,000 over the next year, by how much would the Roth family need to increase their assets in order to have a net worth of $100,000?

a. $7,000

b. $14,000

c. $21,000

d. $28,000

Question

Vernon

19 August, 01:28

+4

Answers (1)

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Bailey Calhoun · Answer 1

C 21,000

net worth = assets - liabilities

assets current = $194,000

-

liabilities that year $115,000

= $79,000

$100,000 - $79,000 = $21,000