Lok Co. reports net sales of $4,944,000 for Year 2 and $7144,000 for Year 3. End-of-year balances for total assets are Year 1, $1,578,000; Year 2, $1778.000; and Year 3, $1.955,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Answer is complete but not entirely correct. Total Asset Turnove Choose Numerator: Choose Denominator Net sales Average total assets 5 4.944,000 S 1.778,000 $ 7. 144.000 S 1955,000 = Total Asset Turnover Total asset turnover 2.78 Year 2 Year 3 3.65 (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 Worse Better