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1) Why is your personal Net Worth important to know? 2) Why should a business owner...

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Finance

1) Why is your personal Net Worth important to know?

2) Why should a business owner understand their Net Worth?

3) Why is your personal Income Statement important to know?

4) Why is a business' Income Statement important to aninvestor?

Answer & Explanation Solved by verified expert
4.2 Ratings (550 Votes)
1 Personal net worth is important because it provides an estimate of your financial situation at a given point in time If it is negative then your liabilities exceed your assets which is an indicator to take stock of your finances boost your income and save more Similarly a positive net worth denotes that your assets are    See Answer
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1) Why is your personal Net Worth important to know?2) Why should a business owner understand their Net Worth?3) Why is your personal Income Statement important to know?4) Why is a business' Income Statement important to aninvestor?

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