What do current liabilities and current assets have in common?

(a) Current assets are claims against current liabilities.

(b) If current assets increase, then there will be a corresponding increase in current liabilities.

(c) Current liabilities and current assets are converted into cash.

(d) Current liabilities and current assets are those items that will be satisfied and converted into cash, respectively, in one year or one operating cycle, whichever is longer.