Total assets less current asset will help you obtain

55. Total assets less current asset will help you obtain
Total assets are composed of fixed assets and current assets.
The formula is:

$$\text{Total Assets} = \text{Fixed Assets} + \text{Current Assets}$$

To find what "Total assets less current asset" equals, we rearrange the formula:

$$\text{Fixed Assets} = \text{Total Assets} - \text{Current Assets}$$

Therefore, subtracting current assets from total assets gives you fixed assets.

The correct option is B.

• A) Current liabilities
• B) Fixed assets
• C) Total liabilities
• D) Long term liabilities

$$\boxed{\text{B) Fixed assets}}$$