Exercise 8-22 Evaluating efficient use of assets LO A1 Lok co reports net sales of $5.932,000 for Year 2 and $8,416,000 for Year 3. End-of-year balances for total assets are Year 1, $1,602,000, Year 2 $1,815,000; and Year 3 $1,912,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total assotturnover Year 2 Year 3