NEED HELP ASAP

Question 25

An asset that cannot be sold individually in the market place is

a patent.

goodwill.

a copyright.

a trade name.

Question 26

During the current year, Tyler Corporation reported net sales of $3,000,000 and net income of $1,800,000. Tyler also reported beginning total assets of $1,000,000 and ending total assets of $1,500,000. Tyler's asset turnover ratio is

1.4 times.

2.0 times.

3.0 times.

2.4 times.

Question 27

A company has the following assets:

Buildings and Equipment, less accumulated depreciation of $2,000,000	$9,600,000
Copyrights	960,000
Patents	4,000,000
Timberlands, less accumulated depletion of $2,800,000	4,800,000

The total amount reported under Property, Plant, and Equipment would be

		$19,360,000.
		$18,400,000.
		$15,360,000.
		$14,400,000.