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It appears that the Belflore family is working on their net worth statement. Based on the table provided, they need to calculate their total assets, total liabilities, and net worth.

Here’s a breakdown of the information:

### Assets:
- House (current value): \$65,475
- Automobile (current value): \$9,350
- Investments: \$41,500
- Home Furnishings: \$5,645

**Total Assets** is the sum of the above:
\[
\text{Total Assets} = 65,475 + 9,350 + 41,500 + 5,645
\]

### Liabilities:
- Credit Card Debt: \$6,245
- Personal Loan: \$9,600
- Student Loan: \$12,340

**Total Liabilities** is the sum of the above:
\[
\text{Total Liabilities} = 6,245 + 9,600 + 12,340
\]

Finally, **Net Worth** is calculated as:
\[
\text{Net Worth} = \text{Total Assets} - \text{Total Liabilities}
\]

Let me calculate these values for you.The Belflore family's financial breakdown is as follows:

- **Total Assets:** \$121,970
- **Total Liabilities:** \$28,185
- **Net Worth:** \$93,785

Would you like more details on any of these calculations or further assistance?

Here are 5 related questions you might want to explore:
1. How does net worth change if the value of their house increases?
2. What if they pay off their student loan? How will their net worth adjust?
3. How do assets like investments impact long-term financial health?
4. What strategies can reduce liabilities more effectively?
5. Should the family focus more on increasing assets or reducing liabilities?

**Tip:** A solid financial plan always includes setting aside an emergency fund, in addition to managing assets and liabilities.

The Belflore family is comparing their family's net worth statement using the table to calculate the missing pieces.

Learn how to calculate the Belflore family's net worth using basic arithmetic operations. This problem covers key financial concepts such as total assets, total liabilities, and net worth calculation. Suitable for students in Grades 4-6.

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