Clayton Industries has the following account balances:

Current assets $ $24,000$ Current liabilities $ $8,000$

Noncurrent assets $89,000$ Noncurrent liabilities $54,000$

Stockholders$$ equity $51,000$

The company wishes to raise $$34,000$ in cash and is considering two financing options: Clayton can sell $$34,000$ of bonds payable, or it can issue additional common stock for $$34,000.$ To help in the decision process, Clayton$$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.