The King Carpet Company has $2,930,000in cash and a total of $12,730,000 in current assets. The firm's current liabilities equal $6,050,000 such that the firm's current ratio equals 2.1. The company's managers want to reduce the firm's cash holdings down to$1,100,000 by paying $520,000 in cash to expand the firm's truck fleet and using $1,310,000 in cash to retire a short term note. If they carry this plan through, what will happen to the firm's current ratio?

The new current ratio is _____ (Round to one decimal place.)