Owners of long-term debt instruments such as bonds would prefer 1. a debt ratio of 50% to a debt ratio of 30% 2. a debt ratio of 30% to a debt ratio of 50% 3. a times interest earned of 3.0 to a times-interest-earned ratio of 5.0 4. a times interest earned of 5.0 to a times-interest-earned ratio of 5.0 O a. 1 and 3 O b. 2 and 3 O c. 2 and 4 ho O d. 1 and 4