Clayton Industries has the following account balances: Current assets Noncurrent assets $ 29,000 Current liabilities 72,000 Noncurrent liabilities Stockholders' equity $ 14,000 60,000 27,000 The company wishes to raise $47.000 in cash and is considering two financing options: Clayton can sell $47.000 of bonds payable, or it can issue additional common stock for $47.000. 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 3-1. Compute the current ratio for Clayton's management. (Round your answers to 2 decimal places.) Current Ratio to 1 Currently If bonds are issued I stock is issued to 1 to 1 a-2. Compute the debt-to-ossets ratio for Clayton's management. (Round your answers to 1 decimal place.) Debt to Assets Ratio Currently i bonds are inued stock in inued