Azerbaijan state economics university

Current Liabilities	72,812	76,329	83,780
82,832
Current Ratio	1.33	1.21	1.06	1.08

BP’s current ratio table above indicates a standardize increasing financial trend in meeting its current financial liabilities. The company current ratio increase from 1.08 in financial year 2010 to 1.06 in the subsequent year 2011 and 2012 and 2013 financial years, BP’s reveals an increasing financial ability to meet the current liabilities from 1.21 to 1.33. According to the BP’s Company current ratio increasing trend, the company accentuates pragmatic financial measures to ensure that the company has enough cash to gather for the business current liability[ CITATION Car13 \l 1033 ]. Moreover, the increases trend indicates good liquidity of the company in meeting the current liabilities hence good for investment.

Quick Ratio

The quick ratio refers to the company financial ability to pay the current obligations without making use of the inventories. Quick assets in contextual reference are current assets which can be converted to cash within a period of 90 days[ CITATION Tho09 \l 1033 ]. Quick assets include cash, cash equivalents market securities invested by the company and accounts receivables. The higher quick assets ratios describes a substantive company’s financial situation in efficiently converting quickly the quick assets without selling other assets to finance the current liabilities. X	Quick Ratio
	Amounts in US$ Millions