A) Liquidity refers to the ability of a company to meet its short-term obligations, while solvency refers to the ability of a company to meet its long-term obligations
B) Liquidity refers to the ability of a company to meet its long-term obligations, while solvency refers to the ability of a company to meet its short-term obligations
C) Liquidity and solvency both refer to the ability of a company to meet its short-term obligations
D) Liquidity and solvency both refer to the ability of a company to meet its long-term obligations
Answer: A) Liquidity refers to the ability of a company to meet its short-term obligations, while solvency refers to the ability of a company to meet its long-term obligations