Asked by ka ki cheng on Apr 28, 2024

verifed

Verified

Short-term assets are expected to be converted into cash within

A) a month.
B) a year.
C) four months.
D) six months.

Short-Term Assets

Assets expected to be converted into cash or used up within one year, such as inventory or accounts receivable.

Converted

This refers to changing something from one use, function, or purpose to another, such as converting raw materials into finished goods or converting an industrial building into a residential space.

  • Grasp the importance of managing short-term assets and liabilities for operational liquidity.
verifed

Verified Answer

IH
ibrahim hossenApr 29, 2024
Final Answer :
B
Explanation :
Short-term assets, also known as current assets, are expected to be converted into cash within one year or within the normal operating cycle of the business, whichever is longer.