I need help on this question.

Clayton Industries has the following account balances: Current assets Noncurrent assets $15,000 Current liabilities 84.000 Noncurrent liabilities Stockholders' equity $ 11,000 51.000 37.000 The company wishes to raise $38,000 in cash and is considering two financing options: Clayton can sell $38,000 of bonds payable, or it can issue additional common stock for $38,000. 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 --1. Compute the current ratio for Clayton's management. (Round your answers to 2 decimal places.) Current Ratio Currently If bonds are issued of stocks issued 1 36 101 4.81 to 1 481 to 1 .-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 Stock is issued b. Assume that after the funds are invested EBIT amounts to $16,800. Also assume the company pays $3,000 in dividends or 53,000 in interest depending on which source of financing 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 Additional Retained Earings Bonds Stock