Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years:

				Current Year		Previous Year
Current assets:
	Cash			$1,005,000		$739,000
	Accounts receivable			435,000		296,000
	Inventory			1,034,000		518,000
		Total current assets		$2,474,000		$1,553,000
Current liabilities:
	Current portion of long-term debt			$200,000		$152,000
	Accounts payable			240,000		207,000
	Accrued and other current liabilities			360,000		331,000
		Total current liabilities		$800,000		$690,000