The current ratio is a commonly used financial ratio. It tells investors and analysts whether a company is able to pay its current liabilities with its current assets (typically within a 12-month period). Current ratio is calculated by dividing current asset by current liabilities. Current assets include inventory, cash, bank, accounts receivable, prepaid expense etc. a company with a current ratio of between 1.2 and 2 is typically considered good. The higher the current ratio, the more liquid a company is. However, if the current ratio is too high (that is, above 2), it might be that the company is unable to use its current assets efficiently. Tracking the current ratio and other liquidity ratios helps an investor assess the health of a company. More specifically, investors will understand how the company is able to cover its short-term debts (compared to its industry competitors).
euer’s relative youth prevented him from winning many architectural commissions and he focused upon furniture instead. He is perhaps most famous for his innovation of utilising the new technology in tubular steel chairs, notably the ‘Wassily’ chair. This was named later in the 1960’s when it was reissued by its Italian manufacturer and they chose to highlight Bauhaus colleague, Wassily Kandinsky for whom Breuer made a copy.
The Wassily chair is a famous example of the Bauhaus principles of the use of new materials; exposing the purpose and construction of an object; and minimalist in its use of materials; manufactured using new techniques28. These chairs are still being manufactured today, showing the scale to which, the Bauhaus is still relevant and influential.
Of Jewish heritage Breuer left Germany in 1935, to work for furniture maker Isokon in London, designing furniture with bent and formed plywood, a new and innovative material. In 1937 he went with his mentor Gropius to Harvard’s Graduate School of Design.
In 1941, Breuer left his practise with Gropius whose fame he felt, overshadowed his own name. His architectural commissions increased, for example his use of primary colours, red, yellow and blue in the side panels of The Stillman House, Litchfield, USA. The coloured panels create a simple geometric look that has been thought about after the practicality of the design. Wassily Kandinsky (teacher at the Bauhaus, from 1921) believed that a successful design could only ascend from mutual collaboration of forms and colours. He thought that geometric shapes were finalised by certain colours, for example the liveliness in yellow. This idea shows a link in Breuer’s Stillman House as it is clear he gained inspiration from Kandinsky from the production of the Wassily chair. The house is simple in form, with no unnecessary decoration, emphasising open space through extensive use of glass panels and windows. This increases the functionality of the house whilst creating an art through the choice of materials, letting natural light fill the open space, the form following afterwards, one of the principles Breuer would have learnt at the Bauhaus school.
The interior showcases industrial brick, also painted the same clean white to reflect the light, allowing the raw details to show the structure of the home. The polished wooden floor delivers contrasting textures with the brick walls and stone kitchen flooring.
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