The basis for classifying assets as current or non-current is the period of time normally required by the accounting entity to convert cash invested in:
A. inventory back into cash, or 12 months, whichever is shorter.
B: receivables back into cash, or 12 months, whichever is longer.
C: tangible fixed assets back into cash, or 12 months, whichever is longer.
D: inventory back into cash, or 12 months, whichever is longer.