Which of the following is/are true? I. Asset management ratio indicates how effectively a firm generates profits on sales, assets and stockholders equity. II. Liquidity ratios indicate the firms capacity to meet its short-term financial obligations, but not its long-term financial obligations. III. Profitability ratios indicate how efficiently a firm is using its assets to generate sales. IV. Financial leverage ratios indicate the firms capacity to meet its financial obligations, both short-term and long-term.

-I & III

-I, II & III

-II & IV

-I & II