The times interest earned ratio is calculated as Interest expense/Net income. Net income/Interest expense. O (Net income + interest expense + tax expense)/Interest expense. O Interest expense/(Net income + interest expense + tax expense). Which of the following statements is correct? O Bonds are always issued at their face value. O Bonds issued at more than their face value are said to be issued at a discount. O Bondholders must hold their bonds until maturity to receive cash for their investment. None of these. Which of the following is the primary source of corporate equity financing? Bonds Payable. Common Stock. Leases. O Notes Payable.