Current ratios and acid-test ratios are types of liquidity ratios.

​Total costs equal

A) ​Fixed costs
B) Variable costs
C) Sunk costs
D) ​Fixed costs plus variable costs

Orange Shop Ltd. sells electronics and grants credit to its customers. It sold a laptop computer system to Kelly and granted a $3,000 loan to finance the purchase. Two days after purchasing the computer it fell off a low bench and the screen cracked. Kelly wanted to either exchange the computer or have it repaired. Orange Shop Ltd. refused to assist Kelly as an extended warranty had not been purchased. Kelly refused to repay the loan. Which pleading(s) will be filed by Kelly?

A) Statement of Claim
B) Statement of Defence
C) Counterclaim
D) Statement of Claim and Statement of Defence
E) Statement of Defence and Counterclaim