Ranger inc.'s total assets are $225,000.
Total Assets= liabilities + owners' equity
= $150,000 + $75,000
= $225,000
Total assets include everything of a person's possessions that can be sold for cash in the future, as well as any financial liabilities.
Assets are often divided by into current and non- current groups. By adding your obligations and equity, you may calculate your total assets. The simplest way to get total assets using this technique is to deduct value of liabilities from the value of equity or assets since liabilities have a negative value. The amount of these figures represents your assets.
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