Question:
The Roth family has liquid assets of $10,000, use assets of
Last updated: 7/26/2022
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