Lok Co. reports net sales of $4,927,000 for Year 2 and $7,181,000 for Year 3. End-of-year balances for total assets are Year 1, $1,506,000; Year 2, $1,786,000; and Year 3, $1,924,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Total Asset Turnover Choose Choose Numerator: Denominator: Total Asset Turnover Total asset turnover = / Year 2 Year 3 1 = (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? Better O Worse