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The King Carpet Company has $ 3 , 0 1 0 , 0 0 0 in cash and a total of $ 1 1 ,
The King Carpet Company has $ in cash and a total of $ in current assets. The firm's current liabilities equal $ such that the firm's current ratio equals The company's managers want to reduce the firm's cash holdings down to $ by paying $ in cash to expand the firm's truck fleet and using $ in cash to retire a shortterm note. If they carry this plan through, what will happen to the firm's current ratio?
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