E10-3A, E10-25A Saved Help Save & Exit Submit Check my work 2 Clayton Industries has the following account balances: 10 points Current assets Noncurrent assets $ 13,000 Current liabilities 80,000 Noncurrent liabilities Stockholders' equity $ 8,000 55,000 30,000 eBook Hint The company wishes to raise $49,000 in cash and is considering two financing options: Clayton can sell $49,000 of bonds payable, or it can issue additional common stock for $49,000. 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. Ask Print Required a-1. Compute the current ratio for Clayton's management. (Round your answers to 2 decimal places.) References Currently If bonds are issued if stock is issued Current Ratio to 1 to 1 to 1 MC