The King Carpet Company has $ 3 comma 200 comma 000 in cash and a total of $ 12 comma 100 comma 000 in current assets. The firm's current liabilities equal $ 6 comma 760 comma 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 $ 1 comma 060 comma 000 by paying $ 591 comma 000 in cash to expand the firm's truck fleet and using $ 1 comma 549 comma 000 in cash to retire a short-term note. If they carry this plan through, what will happen to the firm's current ratio? Question content area bottom Part 1 The new current ratio is enter your response here. (Round to one decimal place.)