Which statement best describes the difference between liquidity ratios and solvency ratios?

Group of answer choices

Liquidity ratios address short-term ability to meet liabilities, solvency addresses long-term ability to meet liabilities.

Liquidity ratios address short-term profits, solvency addresses long-term ability to meet liabilities.

Liquidity ratios address short-term ability to meet liabilities, solvency addresses long-term profits.

Liquidity ratios address long-term ability to meet liabilities, solvency addresses short-term ability to meet liabilities.