Mondale Motors has forecasted the following year-end balance sheet: Assets:

Cash and marketable securities	$ 300
Inventories	500
Accounts receivable	700
Total current assets	$1,500
Net fixed assets	5,000
Total assets	$6,500

Liabilities and Equity:

Notes payable	$ 800
Accounts payable	400
Total current liabilities	$1,200
Long-term debt	3,000
Stockholders' equity	2,300
Total liabilities and equity	$6,500

The company also forecasts that its days sales outstanding (DSO) on a 365-day basis will be 35.486 days. Now, assume instead that Mondale is able to reduce its DSO to the industry average of 30.417 days without reducing its sales. Under this scenario, the reduction in accounts receivable would generate additional cash. This additional cash would be used to reduce its notes payable. If this scenario were to occur, what would be the company's current ratio?