Question

Current assets are those assets which get converted into cash:
a. within six months
b. within one year
c. between one and three years
d. between three and five years

Answer 1

SOLUTION :

Current assets are those assets which get converted into cash : within one year  

Among the given options option (b)  within one year  is the correct answer.

Explanation:

Current assets refer to those assets held in a business which can be converted in the form of cash within a period of one year. Current assets are more liquid but less profitable.

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Here are more questions of the same chapter :  

Higher working capital usually results in:

a. higher current ratio, higher risk and higher profits  

b. lower current ratio, higher risk and profits  

c. higher equity, lower risk and lower profits

d. lower equity, lower risk and higher profits  

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Higher debt-equity ratio results in:

a. lower financial risk  

b. higher degree of operating risk  

c. higher degree of financial risk

d. higher EPS  

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Answer 2

b) within one year..