Question

Which of the following statements describes how to calculate net worth?

a
The value of your assets added to the value of your liabilities.
b
The value of your assets subtracted from the value of your liabilities.
c
The value of your liabilities subtracted from the value of your assets.
d
The value of your assets multiplied by the value of your liabilities.

Answer 1

The answer would be C because liabilities are considered debts you own and to calculate a net worth you must subtract all debts from your assets. Hope this helps!