1. Sylvia Company has a long-term plant asset with the following information at the end of the year:

Net book value	$87,300
Estimated future cash flows	$69,000
fair value	$67,000

What is the amount of the impairment loss ?

2. Calculate Company Y's total asset turnover based on the following information for the current year: 

Net Income	$800,000
Assets at the beginning of the year	$100,000
Assets at the end of the year	$120,000
net sales	$900,000