FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:"What was the return on net worth for the year?"
Investment Assets at Year End
$170,000
Investment Assets at Beginning of
Year
$125,000
Savings
$25,000
Employer Match to 401(k)
$4,800
Gross Income
$120,000
Total Assets at Year End
$650,000
Total Assets at Beginning of Year
$610,000
Total Liabilities at Year End
$235,000
Total Liabilities at Beginning of Year $240,000
4.11%
O 12.16%
9.45%
5.41%.
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