The King Carpet Company has $ 3180000 in cash and a total of $ 12220000 in current assets. The firm's current liabilities equal $ 5310000 such that the firm's current ratio equals 2.3. The company's managers want to reduce the firm's cash holdings down to $ 1110000 by paying $ 588000 in cash to expand the firm's truck fleet and using $ 1482000 in cash to retire a short-term note. If they carry this plan through, what will happen to the firm's current ratio?