Using information provided in the financial statements below, what will be the new current liquidity ratio if the firm in this case uses $400 million of cash to pay off $400 million of its long-term debt during 2020? (provide your answer in one decimal place) Balance Sheet Statement (in $million) Income Statement, 2020 (in $million) 2020 2019 Cash 400 300 Gross sales 2,450 Current account 560 450 Cost of raw-material inputs 230 receivables Current inventories 790 550 Cost of labour 850 Total non- 1,200 1,210 Overhead costs 630 current assets Current account payable 350 250 Operating and maintenance costs 100 Other current liabilities 690 460 Interest expenses 25 Non-current debt 580 580 Income taxes 246 Total equity 1,330 1,220