Question Help (Liquidity Analysis) The King Carpet Company has 53,170,000 in cash and a total of $13,000,000 in current assets. The firm's current as equal $5.460.000 such that the firm's current ratio qual 24. The company's managers want to reduce the firm's cash holdings down to $1.180,000 by paying 5572.000 in cash to expand the firm truckfeet and sing 51.418.000 in canh to retire a short termote they carry plan through what will happen to the firm's current ratio? The new current ratio) Round to one decimal place)