Clayton Industrles has the following occount balances: The company wishes to raise $33,000 in cash and is considering two financing options: Clayton can sell $33,000 of bonds payable, or It cah issue additional common stock for $33,000. 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. Note: Round your answers to 2 decimal places. a-2. Compute the debt-to-assets ratio for Clayton's mandgement. Note: Round your answers to 1 decimal plece. a-2. Compute the debt-to-assets ratio for Claytor's management. Note: Round your answers to 1 decimal place. b. Assume that after the funds are invested, EBIT omounts to $15,300. Also assume the company pays $5,000 in dividends or $5,000 In interest depending on which source of finaneing is used. Based on a 40 percent tax rate, determine the amount of the increase in retained earnings that would result under each financing option