ET inc. acquires 80 percent of Lory company's outstanding stock for $300,000. Lory's net identifiable assets have a fair value of $250,000. ET reports under IFRS and recognizes $100,000 in goodwill related to the acquisition. If ET reports under U.S. GAAP instead, then its consolidated financial statements would most likely show:

a) lower goodwill and a lower total asset turnover ratio

b) lower goodwill and a higher total asset turnover ratio

c) higher goodwill and a lower total asset turnover ratio