Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of ... an apparel manufacturer as an example in outlining the major components ...

The average person may have different reasons for calculating their net worth. They may want to know this figure for estate planning, to create a personal financial statement for lending purposes ...

For example, if your assets equal $200,000 ... When you see financial trends in black and white on your net worth statements, you are forced to confront the realities of where you stand financially.

For example, if your assets equal $200,000 ... When you see financial trends in black and white on your net worth statements, you are forced to confront the realities of where you stand financially.

For example, he said, a rental property may create income that is vital in retirement, but that income will not show up on a net worth statement. "The equity will, but not the all-important income ...

In retirement, net worth shows the total result of a lifetime ... it won’t provide enough retirement income for most Americans. For example, if you invest that amount at a 5% interest rate ...