The book value of a firm's total assets is $550,000 and it has pledged $500,000 of those assets to secure a loan of $450,000. The firm's total liabilities are $425,000. Thepledged assets to secured liabilities is:
A) 1.4.
B) 1.3.
C) 2.2.
D) 1.7.
E) 1.1.

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The Answer of The book value of a firm's total assets is $550,000 and it has pledged $500,000 of those assets to secure a loan of $450,000. The firm's total liabilities are $425,000. Thepledged assets to secured liabilities is:
A) 1.4.
B) 1.3.
C) 2.2.
D) 1.7.
E) 1.1.

The Book Value of a Firm's Total Assets Is $550,000