The King Carpet Company has $ 3 comma 200 comma 000 in cash and a total of $ 12 comma 100 comma 000 in current assets. The​ firm's current liabilities equal $ 6 comma 760 comma 000 such that the​ firm's current ratio equals 1.8. The​ company's managers want to reduce the​ firm's cash holdings down to $ 1 comma 060 comma 000 by paying $ 591 comma 000 in cash to expand the​ firm's truck fleet and using $ 1 comma 549 comma 000 in cash to retire a​ short-term note. If they carry this plan​ through, what will happen to the​ firm's current​ ratio? Question content area bottom Part 1 The new current ratio is enter your response here. ​(Round to one decimal​ place.)