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

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Which company appears to have the riskier secureddebt?

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Question Posted: Jan 08, 2015 09:49 AM

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

Question:

Grant Inc. Singh Inc. $168,000 343,000 160,000 273,000 385,000 159,000 Total assets

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