The following information pertains to Minor Corporation. Assume that all balance sheet amounts represent both average and ending figures. Minor Corporation Partial Balance Sheet December 31, 2019 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 90,000 Stockholders' equity 300,000 Total liabilities and stockholders' equity $450,000 Minor Corporation had 6,000 shares of common stock issued and outstanding. The market price of Minor common stock on December 31, 2019, was $20. Minor paid dividends of $0.90 per share during 2019. What is the debt to equity ratio for this corporation? Round your answer to 1 decimal place. a. 0.4 times b. 0.6 times c. 0.5 times d. 2.5 times