18. Geisner Inc. has total assets of $1,000,000 and total liabilities of $600,000. The industry average debt to equity ratio is 1.20. Calculate Geisners debt to equity ratio and indicate whether the companys default risk is higher or lower than the average of other companies in the industry. a. 0.60; Higher default risk b. 0.60; Lower default risk c. 1.50; Higher default risk d. 1.50; Lower default risk