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

(Liquidity Analysis) The King Carpet Company has S3, 100,000 in cash and a total of $11,310,000 in current assets. The firm's current liabilities equal 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 , 180,000 by paying S538,000 in cash to expand the firm's truck fleet and using Sl ,382,000 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)