32. Quentin's total debt to equity ratio on December 31, 2014, is 2.12 1.52 1.19 0.53 Quentin Company Balance Sheet as of December 31,2014 Assets Liabilities Current Liabilities Current Assets $ 42,000 36,000 $ 30,000 42,000 Accounts payable. Short-term debt. Cash.. Inventory. Prepaid expens.. $ 72,000 12,000 Total current liabilities... $ 90,000 Total current assets. Non-current Liabilities Non-current Assets Bond payable. 34,000 Plant and equipment (net).. Patent (net). Total Assets 56,000 Owners' Equity Common stock. 24,000 20,000 $ 170,000 Retained earnings. 44,000 Total Liabilities and Owners' Equity S 170,000