Short-term investments are:

a. (1) readily marketable and (2) intended to be converted into cash after the current year or operating cycle, whichever is shorter.

b. (1) readily marketable and (2) intended to be converted into cash within the current year or operating cycle, whichever is longer.

c. (1) readily marketable and (2) intended to be converted into cash after the current year or operating cycle, whichever is longer.

d. (1) readily marketable and (2) intended to be converted into cash within the current year or operating cycle, whichever is shorter.