Question

Put the following steps for calculating net worth in the correct order.

Answer 1

1. List your assets

2. Total your assets

3. List liabilities

4. Total liabilities

5. Subtract liabilities from assets

Answer 2

Answer:

1. List your assets.

2. Total your assets.

3. List your liabilities.

4. Total your liabilities.

5. Subtract you liabilities from your assets.

Explanation:

The net worth is a measure of the wealth of a person or organization. To calculate the net worth you have to determine the value of your assets like your house and your car and subtract the value of your liabilities like your mortgage and student loan.