16 On November 1, 2019, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2019, and interest is payable each November 1 and May 1. Davis uses the straight-line method of amortization. How much is the semi-annual interest expense when the straight-line method of amortization is utilized? Multiple Choice $2,010. $2,190. $1,095. $2,055. Halverson's times interest earned ratio was 2.98 in 2019, 2.79 in 2018, and 2.31 in 2017. Which of the following statements about the ratio is correct? 17 Multiple Choice The increasing ratio indicates decreasing levels of debt on which interest is incurred. The increasing ratio indicates the strategy of pursuing growth by investment in other companies, which has increased debt, but Halverson's profits have not yet increased from those investments. The increasing ratio implies increased long-term debt financing. The increasing ratio would be considered by creditors to be an indicator of higher risk