A firm's current assets equal $40,000; its fixed assets are $200,000; its current liabilities are $20,000; and its fixed liabilities are $80,000. What is its net worth?

A firm's current assets equal $40,000; its fixed assets are $200,000; its current liabilities are $20,000; and its fixed liabilities are $80,000. What is its net worth?

A firm's current assets equal $40,000; its fixed assets are $200,000; its current liabilities are $20,000; and its fixed liabilities are $80,000. What is its net worth?


a. $40,000

b. $60,000

c. $140,000

d. $240,000


Answer: C


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