Question 6 Not yet answered Marked out of 100 Flag 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. Only I is correct. O b. Both (1) and (11) are correct. O c. Both (1) and (11) are incorrect. O d. Only II is correct.