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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. $419,000 $257,000 429,300 521,000 213,000 210,000 245,700 358,000 Which company appears to have the riskier secured debt? Singh Inc. O Grant Inc

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