King Company Balance Sheet Cash $20,000 Receivables 20,000 Inventories 60,000 Total Current Assets 100,000 Plant Assets (net) 200,000 $300,000 Accounts Payable $ 50,000 Long Term debt 100,000 Stock holders' equity 150,000 $300,000

The Debt/Equity ratio for King Company is:

Group of answer choices

.5:1

1:1

1.5:1

2:1