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 early October, U.S. officials accused Iranian operatives of planning to assassinate Saudi Arabiaâs ambassador to the United States on American soil. Iran denied the charges, but the episode has already managed to increase tensions between Washington and Tehran.