What is the tangible net worth of Widgets, Inc. if it has the following balance sheet totals at December 31, 20X3: total current assets of $30,000; total fixed assets of $65,000; goodwill and patents of $5,000; and total liabilities of $45,000? 20X3

Select one:

a. $25,000

b. $50,000

c. $55,000

d. $100,000