Clayton Industries has the following account balances: Current assets Noncurrent assets $11,000 Current liabilities $ 9,90e 45,000 40,000 83,00 Noncurrent liabilities Stockholders' equity The company wishes to raise $45,000 in cash and is considering two financing options: Clayton can sell $45,000 of bonds payable, or it can issue additional common stock for $45,000. 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. Required a-1. Compute the current ratio for Clayton's management. (Round your answers to 2 decimal places.) Current Ratio Currently If bonds are issued If stock is issued to 1 to 1 to 1 a-2. Compute the debt-to-assets ratio for Clayton's management. (Round your answers to 1 decimal place.) Debt to Assets Ratio Currently If bonds are issued If stock is issued