Treasury stock represents: Number of shares that have been repurchased by the corporation Number of shares that are currently held by stockholders Maximum number of shares that can be issued Number of shares that have been sold. Axle Corporation's balance sheet showed the following amounts: total assets, $240,000, current liabilities, $45,000; total liabilities, $90,000. The debt to equity ratio is: 0.44 0.55 0.60 O 1.25 O 1.60