CompUS has pledged $275,000 worth of its assets. The total book value of its assets is$625,000. The firm's total liabilities are $750,000. The secured liabilities are $150,000. The pledged assets to secured liabilities is:
A) 2.3.
B) 2.7.
C) 5.0.
D) 1.8.
E) 1.2.

Question

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The Answer of CompUS has pledged $275,000 worth of its assets. The total book value of its assets is$625,000. The firm's total liabilities are $750,000. The secured liabilities are $150,000. The pledged assets to secured liabilities is:
A) 2.3.
B) 2.7.
C) 5.0.
D) 1.8.
E) 1.2.

CompUS Has Pledged $275,000 Worth of Its Assets