Lockhart Corp.'s December 31, 2014, balance sheet reported current assets of $120,000 and current liabilities of $100,000.The current ratio increased by 25% one year later, on December 31, 2015.Current liabilities on this date were $140,000.Determine current assets on December 31, 2015.

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The Answer of Lockhart Corp.'s December 31, 2014, balance sheet reported current assets of $120,000 and current liabilities of $100,000.The current ratio increased by 25% one year later, on December 31, 2015.Current liabilities on this date were $140,000.Determine current assets on December 31, 2015.