The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of woof–a-lot, inc. for an operating period. units unit cost total cost units sold beginning inventory 50 $124 $ 6,200 sale no. 1 40 purchase no. 1 30 100 3,000 sale no. 2 32 purchase no. 2 40 88 3,520 __ totals 120 $12,720 72

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

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