In a race \(A\), \(B\) and \(C\) take part. \(A\) beats \(B\) by \(30\) meters, \(B\) beats \(C\) by \(20\) meters and \(A\) beats \(C\) by \(48\) meters.
Given below are two statements:
Statement I: The length of the race is \(300\) meters.
Statement II: The speed of \(A\), \(B\) and \(C\) are in the ratio \(50:45:40\).
In the light of the above statements, choose the correct answer from the options given below: