Chapter 10 Review Assignmenti Saved Hel 3 Clayton Industries has the following account balances: Current assets Noncurrent assets s 14,e0e Current 1iabilities s 14,eee 54,000 27,888 81,800 Noncurrent 1iabilities 3.34 points Stockholders' equity SkippedThe company wishes to ralse $37000 In cash and is considering two financing options: Clayton can sell $37,000 of bonds payable, or it can issue additional common stock for $37,000. To help In the decision process, Clayton's management wants to determine the effects of each alternative on its current ratio and debt-to-assets ratio. eBook Hint Print Required a-1. Compute the current ratio for Clayton's management. (Round your answers to 2 declmal places.) Current Ratio Currently If bonds are issued If stock is issued to 1 to 1 a-2. Compute the debt-to-assets ratio for Clayton's management. (Round your answers to 1 declmal place.) Ratio Currently If bonds are issued If stock is issued Mc Graw Pre 3 of 3Next