Step 1: Understanding centripetal force.
The centripetal force \( F_c \) acting on an object moving in a circle is given by the formula:
\[
F_c = \frac{mv^2}{r}
\]
where \( m \) is the mass, \( v \) is the velocity, and \( r \) is the radius.
Step 2: Considering the same time period.
Since the two cars complete the circles in the same time \( t \), their velocities are related by:
\[
v_1 = \frac{2 \pi r_1}{t}, \quad v_2 = \frac{2 \pi r_2}{t}
\]
Thus, the centripetal forces for the two cars are:
\[
F_{c1} = \frac{m_1 \left( \frac{2 \pi r_1}{t} \right)^2}{r_1}, \quad F_{c2} = \frac{m_2 \left( \frac{2 \pi r_2}{t} \right)^2}{r_2}
\]
Simplifying, we get the ratio of the centripetal forces as:
\[
\frac{F_{c1}}{F_{c2}} = \frac{m_1 r_1}{m_2 r_2}
\]
Step 3: Conclusion.
Thus, the ratio of the centripetal forces is \( m_1 r_1 : m_2 r_2 \), which corresponds to option (D).