Use the following information to calculate the ratio of pledged assets to secured liabilities for both companies:

Grant Inc. Singh Inc.

Pledged assets $ $409,000$ $ $214,000$

Total assets $419,550435,000$

Secured liabilities $257,000207,000$

Unsecured liabilities $286,000352,900$

Which company appears to have the riskier secured debt?

multiple choice

Singh Inc.

Grant Inc.