The current ratio formula is calculated by dividing total current assets by total current liabilities. This calculation shows investors, creditors, and management how well the short-term debt can be paid off using short-term assets. This is an important calculation for two main reasons.
1981: Israel bombs Baghdad nuclear reactor. The Israelis have bombed a French-built nuclear plant near Iraq's capital, Baghdad, saying they believed it was designed to make nuclear weapons to destroy Israel. It is the world's first air strike against a nuclear plant.
Chairman of the Joint Chiefs Gen. Martin Dempsey recently said that Iran was responsible for about 500 American deaths during the Iraq War, due to its supply of weapons for Shia-militia to target U.S. troops. Odierno did not dispute that figure.