(Liquidity Analysis)The King Carpet Company has $3,080,000 in cash and a total of $11,270,000 in current assets. The firm's current liabilities equal $5,280,000 such that the firm's current ratio equals 2.1. The company's managers want to reduce the firm's cash holdings down to $1,160,000 by paying $588,000 in cash to expand the firm's truck fleet and using $1,332,000 in cash to retire a short-term note. If they carry this plan through, what will happen to the firm's current ratio