Exercise 10-22 Evaluating efficient use of assets LO A1 Lok Co. reports net sales of $5,856,480 for 2016 and $8,679,690 for 2017. End-of-year balances for total assets are 2015, $1,686,000; 2016, $1,800,000; and 2017, $1,982,000. (a) Compute Lok's total asset turnover for 2016 and 2017. Choose Numerator: Total asset turnover 1 Choose Denominator: = 1 Total asset turnover Total asset turnover 2016 1 = 2017 /