could anyone help me with this? thank you very much and have a blessed day.

Clayton Industries has the following account balances. The company wishes to raise $35,000 in cash and is considering two financing options: Clayton can sell $35,000 of bonds payable, or it can issue additional common stock for $35,000. 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. a-2. Compute the debt-to-assets ratio for Clayton's management. b. Assume that after the funds are invested, EBIT amounts to $13,300. Also assume the company pays $3,700 in dividends or $3,700 in interest depending on which source of financing is used. Based on a 30 percent tax rate, determine the amount of the increase in retained eamings that would result under each financing option. Compute the current ratio for Clayton's management. (Round your answers to 2 decimal places.)