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Use the following information to calculate the ratio of pledged assets to secured liabilities for both companies Pledged assets Total assets Secured liabilities Unsecured liabilities

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Use the following information to calculate the ratio of pledged assets to secured liabilities for both companies Pledged assets Total assets Secured liabilities Unsecured liabilities Grant Inc. Singh Inc. $454,000 $199,000 461,450 405,000 219,000 226,000 249,300 385,200 Use the following information to calculate the ratio of pledged assets to secured liabilities for both companies Pledged assets Total assets Secured liabilities Unsecured liabilities Grant Inc. Singh Inc. $454,000 $199,000 461,450 405,000 219,000 226,000 249,300 385,200 Which company appears to have the riskier secured debt? O Singh Inc O Grant Inc

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