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.
RAMALLAH, Aug 30 (KUNA) -- Israeli Prime Minister Benjamin Netanyahu said that his country has bolstered its defenses near the northern border for any retaliatory attack amid signs that the US is preparing to strike Syria over the use of chemical weapons.