Skye listed her assets and liabilities on a personal balance sheet. Skye’s Balance Sheet (April 2013)AssetsLiabilitiescash$1,000credit card$4,000investments$1,000student loan$1,000house$200,000mortgage$100,000car$8,000car loan$5,000Total???Total???Net Worth: ???What is Skye’s net worth?

Add Skye’s assets: $1,000 + $1,000 + $200,000 + $8,000 = $210,000. Her liabilities total $110,000 ($4,000 + $1,000 + $100,000 + $5,000). Net worth is assets minus liabilities: $210,000 − $110,000 = $100,000, so the correct choice is $100,000.

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