(Liquidity Analysis) The King Carpet Company has $3,000,000 in cash and a total of $12,300,000 in current assets. The firm's current liabilities equal $5,930,000 such that the firm's current ratio equals 2.1. The company's managers want to reduce the firm's cash holdings down to $1,110,000 by paying $597,000 in cash to expand the firm's truck fleet and using $1,293,000 in cash to retire a short-term note. If they carry this plan through, what will happen to the firm's current ratio?