$($Analyzing liquidity$)$ The King Carpet Company has $$2,810,000$ in cash and a total of $$11,220,000$ in current assets. The firm's current liabilities ec

$$5,530,000$ such that the firm's current ratio equals $2\mathrm{.}0.$ The company's managers want to reduce the firm's cash holdings down to $$1,180,000$ by pe

$$562,000$ in cash to expand the firm's truck fleet and using $$1,068,000$ in cash to retire a short$-$term note. If they carry this plan through, what will ha

to the firm's current ratio?

The new current ratio is $.($Round to one decimal place.$)$