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

Verified Answer :

c 21,000

net worth = assets - liabilities

assets current = $194,000
-
liabilities that year $
115,000

= $79,000

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

Answer:

the correct answer is C 21,000

Step-by-step explanation: