21. One application is in the current ratio, defined as the firm's current assets divided by its current liabilities . 22. Petersen estimates that, among all frequent flier programs, there are 3 . 5 trillion miles in current liability . 23. Suria based his view on a traditional analysis of Amazon's working capital, its current assets minus current liabilities . 24. Not only for long term budgeting, but also how to allocate the short term resources like current liabilities . 25. Technically, the long term loans amounting to RM70.56 million should be shown as a current liability , it noted. 26. Its current liabilities of $ 133 . 3 million exceeded current assets of $ 104 . 5 million. 27. _Support a Department of Transportation proposal to increase the current liability limit of $ 1, 250 per bag. 28. Current liabilities include short-term debt.29. Current Liabilities : These are debts, such as notes payable to banks, coming due within a year or less.30. It is used to finance production of goods before they are sold and consists of current assets minus current liabilities .