Q.Assets that can be converted into cash within a year or within the period of an operating cycle is ________.

Assets convertible into cash within a year/operating cycle are Current assets — option (c).

Current assets are those expected to be realised in cash, sold or consumed within one year or within the firm's operating cycle — for example cash, debtors, bills receivable, inventory and prepaid expenses. They are central to liquidity ratios such as the current ratio.

The other options describe long-lived or non-current items: …