$($Liquidity Analysis$)$The King Carpet Company has $ $2$ comma $970$ comma $000$ in cash and a total of $ $11$ comma $070$ comma $000$ in current assets. The$$ firm's current liabilities equal $ $6$ comma $910$ comma $000$ such that the$$ firm's current ratio equals $1\mathrm{.}6.$ The$$ company's managers want to reduce the$$ firm's cash holdings down to $ $1$ comma $020$ comma $000$ by paying $ $553$ comma $000$ in cash to expand the$$ firm's truck fleet and using $ $1$ comma $397$ comma $000$ in cash to retire a$$ short$-$term note. If they carry this plan$$ through, what will happen to the$$ firm's current$$ ratio? The new current ratio is

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enter your response here. $($Round to one decimal$$ place.$)$