Clayton Industries has the following account balances:

Current assets	$	17,000	Current liabilities	$	9,000
Noncurrent assets		88,000	Noncurrent liabilities		45,000
			Stockholders equity		51,000

The company wishes to raise $43,000 in cash and is considering two financing options: Clayton can sell $43,000 of bonds payable, or it can issue additional common stock for $43,000. To help in the decision process, Claytons management wants to determine the effects of each alternative on its current ratio and debt-to-assets ratio.

a-2. Compute the debt-to-assets ratio for Claytons management. (Round your answers to 1 decimal place.)