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Financial Analysis British Petroleum Bp Till 2006

Financial Analysis British Petroleum (Bp) Till 2006

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Title: Financial Analysis British Petroleum (Bp) Till 2006

Essay Details:

Subject: Business

Author: Maryellen N

Date: December 20, 2013

Level: University

Grade: A

Length: 16 / 4576

Essay text:

From 2001 to 2003 the current ratios were 1.0767, 0.9733, and 0.9600 respectively. 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...

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