Which of the following is classified as current assets?

Current assets are critical for evaluating a company's short-term financial health and operational efficiency. They typically include cash and other assets that are expected to be converted into cash or used up within one year. Cash is the most liquid asset, while other current assets may include accounts receivable and inventory.

The choice that refers to cash and resources expected to convert to cash within one year accurately describes current assets because it encompasses both cash itself and other kinds of assets that can be quickly liquidated. This classification aligns with the accounting principle that current assets are those that will be used or converted within the company's operating cycle, which is generally defined as a year or less.

Understanding the nature of current assets is essential for financial analysis, as these assets directly influence a company's liquidity position and its ability to meet short-term obligations. This makes the choice referring to cash and resources set to convert to cash within a year the correct classification.