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 Assets Current Liabilities Cash $ 42.000 Accounts payable..... .........$ 30,000 Inventory..... ............. 36,000 Short-term debt.. ....... 42.000 Prepaid expense......................... 12.000 Total current liabilities......... $72.000 Total current assets.. ... $ 90,000 Non-current Liabilities Non-current Assets Bond payable..... 34.000 Plant and equipment (net)........... 58.000 Owners' Equity Patent (net). 24.000 Common stock. - 20,000 Total Assets ............. $ 170.000 Retained earnings 44,000 Total Liabilities and Owners' Equity ..........$ 170,000