Please provide and highlight the answer, thank you.

(Liquidity Analysis) The King Carpet Company has $2.960,000 in cash and a total of $11,240,000 in current assets. The firm's current liabilities equal $5,820,000 such that the firm's current ratio equals 1.9. The company's managers want to reduce the firm's cash holdings down to $1,000,000 by paying 5572,000 in cash to expand the firm's truck fleet and using $1,388,000 in cash to retire a short-term note. If they cehy this plan through, what will happen to the firm's current ratio? The new current ratio is (Round to one decimal place.)