A retailer's net worth is also referred to as its ________.
A) current assets plus fixed assets
B) net assets
C) present value of assets
D) owner's equity

Question

Quizplus · Accepted Answer

A retailer's net worth is equal to its owner's equity, which is the residual interest in the assets of the business after liabilities are deducted. This represents the amount of the business that belongs to the owner(s) and is therefore often referred to as net assets. It is not equivalent to current assets plus fixed assets or the present value of assets.

A Retailer's Net Worth Is Also Referred to as Its