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If Tom and Liz Gomes have liquid assets of $200,000, real estate of $350,000, home improvement loans of $250,000, and investments of $30,000, what would their total assets be

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abiolataiwo2015

Based on the information given their total assets is $580,000.

Total assets

Using this formula

Total assets=Liquid assets+ Real estate+ Investment

Where:

Liquid assets=$200,000

Real estate=$350,000

Investment=$30,000

Let plug in the formula

Total assets=$200,000+$350,000+$30,000

Total assets=$580,000

Inconclusion their total assets is $580,000.

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