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.
Correct Answer:
Verified
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