Owners of bonds would prefer 1. a debt ratio of 60 percent to a debt ratio of 40 percent 2. a debt ratio of 40 percent to a debt ratio of 60 percent 3. a times-interest-earned of 5.1 to a times-interest-earned of 3.9 4. a times-interest-earned of 3.9 to a times-interest-earned of 5.1 a. 2 and 4 b. 2 and 3 c. 1 and 4 d. 1 and 3