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?