We need to determine the ratio of x:y:z, which is equivalent to expressing x, y, and z in terms of a common factor and then simplifying the resulting expression.
Statement (1) gives us z = 1 and xy = 32. We can substitute z = 1 into the ratio expression to obtain x:y:1. However, we cannot determine the values of x and y from this information alone. For example, x could be 4 and y could be 8, or x could be 8 and y could be 4, among other possibilities. Therefore, statement (1) is not sufficient to answer the question.
Statement (2) gives us x/y = 2 and z/y = 1/4. We can rewrite x/y as x = 2y and z/y as z = (1/4)y. Substituting these expressions into the ratio expression gives us:
x : y : z = 2y : y : (1/4)y = 8 : 4 : 1
Therefore, the ratio of x:y:z is 8:4:1. Statement (2) alone is sufficient to answer the question.