for a-2 i do not want it rounded to 1decimal place

Clayton Industries has the following account balances Current assets Noncurrent assets $ 30,000 82,000 Current liabilities Noncurrent liabilities Stockholders' equity $ 5,000 41,000 66,000 The company wishes to raise $31,000 in cash and is considering two financing options. Clayton can sell $31,000 of bonds payable, or it can issue additional common stock for $31,000. 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 0-1. Compute the current ratio for Clayton's management (Round your answers to 2 decimal places.) Current Ratio Currently I bonds are issued if stock is issued a-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 if stock is issued b. Assume that after the funds are invested. EBIT amounts to $17100. Also assume the company pays $3,300 in dividends or $3,300 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 Earnings Bonds Stock