Lok Co. reports net sales of $5,318,000 for Year 2 and $7,709,000 for Year 3. End-of-year balances for total assets are Year 1, $1,506,000; Year 2, $1,849,000; and Year 3, $1,934,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Choose Numerator: Net sales Total Asset Turnover Choose Denominator: = Total Asset Turnover Average total assets = Total asset turnover Year 2 Year 3 i = (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