1.Granny's Greens reported Interest expense of $ 5700 Income tax expense of $28,000 and Net income of $88,000. Granny's interest coverage ratiois: (Round your final answer to two decimalplaces.)

A.0.05

B.0.06

C.21.35

D.20.35

2.Piper, Inc. has current assets of$58,000 longterm assets of$136,000 current liabilities of$50,000 and longterm liabilities of$96,000. Piper's debt ratiois: (Round your final answer to the nearest wholenumber.)

A.71%.

B.75%.

C.37%.

D.86%

3.The journal entry to record$350,000 of bonds that were issued at 97 would beto:

A.debitCash, $350,000; credit Bondspayable, $339,500; credit Premium on bondspayable, $10,500.

B.debitCash, $350,000; credit Bondspayable, $350,000.

C.debitCash, $339,500; debit Discount on bondspayable, $10,500; credit Bondspayable, $350,000.

D.debitCash, $339,500; credit Bondspayable, $339,500.

4.If the market rate of interest is less than thebond's stated rate ofinterest, the bond will be issuedat:

A.a premium.

B.a discount.

C.maturity value.

D.par.