The Conversion of Current Assets ________

Multiple Choice

The conversion of current assets ________.

A) from cash to receivables to inventory provides the cash used to pay non-current liabilities
B) from inventory to receivables to marketable securities provides the cash used to buy plant and equipment
C) from inventory to receivables to cash provides the cash used to pay current liabilities
D) from cash to receivables to inventory provides the cash used to repurchase stock