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.
In 1981 the Islamic Dawa Party's suicide bomber attacked the Iraqi embassy in Beirut. Hezbollah carried out a bombing of the US embassy in April 1983 and the attack on US Marine and French barracks in October 1983 which brought international attention to suicide bombings.