D Question 29 answer saved Marked out of 100 Fog question Which of these statements is/are correct? I Liquidity ratios such as the Gearing Ratio indicate how well the firm is positioned to meet its short-term obligations. II Solvency ratios such as the Quick Ratio indicate how well the firm is positioned to meet its long-term obligations. Select one: O a Both (1) and (1) are correct b. Both (1) and (B) are incorrect O c. Only 1 is correct Od Only is correct Clear my choice