Pastello, a Bakery in New Jersey, Needs to Sell All

Multiple Choice

Pastello, a bakery in New Jersey, needs to sell all the goods in its inventory before they perish. The bakery owners, Mark and Julia, plan to use the cash received from selling the goods to open a new outlet of Pastello in a different locality. In this scenario, the goods stored in Pastello's inventory represent its _____.

A) long-term liabilities
B) current liabilities
C) current assets
D) defensive assets