9 Lok Co. reports net sales of $5,749,000 for Year 2 and $7,818,000 for Year 3. End-of-year balances for total assets are Year 1, $1,661,000; Year 2, $1,769,000; and Year 3, $1,943,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. (2) Lok's competitor has a Total Asset Turnover of 3.0 during Year 3. Is Lok performing better or worse than its competitor on the basis of total asset turnover? ints Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Compute Lok's total asset turnover for Year 2 and Year 3. Total Asset Turnover Choose Numerator: 1 Choose Denominator: II Total Asset Turnover pover 2 Total asset turnover Year 2 Year 3 Required Required 2 > and Year 3, $1,943,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. (2) Lok's competitor has a Total Asset Turnover of 3.0 during Year 3. Is Lok performing better or worse than its competitor on the ba of total asset turnover? . oints Complete this question by entering your answers in the tabs below. Print Required 1 Requhed 2 Lok's competitor has a total Asset Turnover of 3.0 during Year 3. Is Lok performing better or worse than its competitor on the basis of total asset turnover? Is Lok performing better or worse than its competitor on the basis of total asset turnover?