Use the Following Statements to Answer This Question

Use the following statements to answer this question:

A) I and II are correct.
B) I and II are incorrect.
C) I is correct and II is incorrect.
D) I is incorrect and II is correct.
I.The quick ratio is more conservative than the current ratio because it covers a smaller period of time.
II.The cost of goods sold figure in the inventory turnover ratio is not always reliable because of the accounting differences used in measuring it.