Current assets can typically be converted to cash within:

Current assets refer to assets that a company expects to convert into cash, sell, or consume within one year or within its operating cycle, whichever is longer. The one-year timeframe is a standard benchmark for assessing liquidity and financial health.

Items classified as current assets include cash, marketable securities, accounts receivable, inventory, and prepaid expenses. These are typically expected to be utilized or liquidated within a year, which is consistent with the concept of a company's working capital management.

Choosing the one-year duration allows for a clear understanding of what assets can be liquidated in the near term to meet short-term obligations. This aligns with standard accounting practices and financial analysis, where the liquidity of assets is assessed over a 12-month period.