Answer:
The correct answer is $164,000.
Explanation:
According to the scenario, the given data are as follows:
Assets
Liquid assets = $4,500
Real estate = $135,000
Personal possession = $58,000
Investment assets = $72,000
Liabilities
Current liabilities = $7,500
Long term liabilities = $98,000
So, we can calculate Patricia's net worth by using following formula:
Net worth = Total Assets - Total Liabilities
= ( $4,500 +$135,000 + $58,000 + $72,000) - ( $7,500 + $98,000 )
= $269,500 - $105,500
= $164,000
Hence, Patricia's net worth is $164,000.