Exercise 8-22 Evaluating efficient use of assets LO A1 Lok Co. reports net sales of $4,732,000 for Year 2 and $8,286,000 for Year 3. End-of-year balances for total assets are Year 1, $1,682,000; Year 2, $1,839,000; and Year 3, $1,911,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Total Asset Turnover Choose Numerator: 1 Choose Denominator: = Total Asset Turnover Total asset turnover Year 2 Year 3