Multiple Choice
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.The pledged assets to secured liabilities is
A) 1.1
B) 1.3
C) 1.4
D) 1.7
E) 2.2
Correct Answer:
Verified
Correct Answer:
Verified
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