How soon are current assets,such as marketable securities and inventory,usually expected to be turned into cash?
A) within one year
B) within five years
C) within 18 months
D) within one month

Question

Quizplus · Accepted Answer

Current assets are assets that are expected to be turned into cash within a year or less. Marketable securities and inventory are typically considered current assets, so they are expected to be turned into cash within one year. Options B and C are too long of a time frame for current assets, and option D is too short of a time frame for most companies.

How Soon Are Current Assets,such as Marketable Securities and Inventory,usually