A retailer's assets equal its ________.
A) liabilities plus net worth
B) net worth less liabilities
C) current assets less current liabilities
D) net worth

Question

Quizplus · Accepted Answer

A retailer's assets equal its liabilities plus net worth, which represents the total value of the business. Liabilities are the debts and obligations that the retailer owes to others, while net worth is the owner's equity in the business. By adding these two figures together, the retailer can derive the total value of its assets.

A Retailer's Assets Equal Its ________