LOK Co. reports net sales of $5,290,000 for Year 2 and $8,139,000 for Year 3. End-of-year balances for total assets are Year 1. $1,699,000: Year 2. $1.844.000; and Year 3. $1.923,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Choose Numerator: Total Asset Turnover Choose Denominator: - Total Asset Turnover - Total asset turnover (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 Saved Chapter 8 Assessment 100vw, eu , 1000, urru veus 1,2,UUU. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Total Asset Turnover Choose Denominator: - Choose Numerator: Total Asset Turnover Total asset turnover Year 2 Year 3 (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