$-$The current assets on a balance sheet are typically presented in the order of least to most "liquid." Liquidity in relation to an asset on a balance sheet essentially refers to:

Group of answer choices

a$.$how quickly $($on average$)$ accounts receivable are paid

b$.$he ease with which an asset can be turned into cash without significant loss of value

c$.$the rate at which a business spends its cash

d$.$how quickly an asset can be turned into cash$--$