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.
UN sanctions against Iran. 1  United Nations Security Council Resolution 1696 â passed on 31 July 2006. Demanded that Iran suspend all enrichment-related and reprocessing activities and threatened sanctions.