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In 2001, 2002, and 2004, BP?s current liabilities were greater than current assets, indicating that BP may have faced some difficulty in meeting short-term debt obligations during these years. In 2003 and 2005 the current ratios were greater than 1, representing that BP?s current assets were greater then its current liabilities for the year. BP?s current ratios are less than the industry average, which simply means that there are other companies that are more successful at meeting short term debt obligations than BP for the industry. The industry median for the current ratio is 1.26.
The quick ratio has increased by 0...
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