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

(Liquidity Analysis) The King Carpet Company has in cash and a total of $11,810,000 in current assets. The firm's current liabilities equal SS, 710,000 such that the firm's current ratio equals 1.8. The company's managers want to reduce the firm's cash holdings down to Sl by paying S520,000 in cash to expand the firm's truck fleet and using Sl 450,000 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 (Round to one decimal place)