Step 1: When the key \(K\) is open, only one 40\(\Omega\) resistor is in the circuit. Hence, the total resistance is \( R = 40\Omega \).
\[
i_1 = \frac{V}{R} = \frac{12}{40} = 0.3\text{ A}
\]
Step 2: When the key \(K\) is closed, the two 40\(\Omega\) resistors are in parallel:
\[
R_{\text{parallel}} = \frac{40 \times 40}{40 + 40} = 20\Omega
\]
Now,
\[
i_2 = \frac{12}{20} = 0.6\text{ A}
\]
Step 3: Therefore, the ratio is:
\[
i_1 : i_2 = \frac{0.3}{0.6} = \frac{1}{2}
\]