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The King Carpet Company has $3,200,000 in cash and a total of $ 11,890, 00 in current assets. The firmss current liabilities equal $5,800,000 such

The King Carpet Company has $3,200,000 in cash and a total of $ 11,890, 00 in current assets. The firmss current liabilities equal $5,800,000 such that the firms current ratio equal 2.1. The company's managers want to reduce the firm's cash holdings down to $1,140,000 by paying $526,000 in cash to expand the firm's truck fleet and using $1,534,000 in cash to retire a short-term note. If they carry this plan through. what will happen to the firm's current ratio?

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