Answer:
e) none of the above
Explanation:
The net worth of the David's can be determined through the following mentioned formula:
Net worth=Total assets- total liabilities
In the given question
Total assets=automobile+ checking account balance
=$10,000+$5,000
=$15,000
Total liabilities=student loan balance+car loan
=$12,000+$9,000
=$21,000
Net worth=$15,000-$21,000=($6,000)
So the answer based on the above calculations are e) none of the above
