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Lok Co. reports net sales of $5,359,000 for 2016 and $7,024,000 for 2017. End-of-year balances for total assets are 2015, $1,653,000; 2016, $1,779,000; and 2017,
Lok Co. reports net sales of $5,359,000 for 2016 and $7,024,000 for 2017. End-of-year balances for total assets are 2015, $1,653,000; 2016, $1,779,000; and 2017, $1,905,000. (a) Compute Lok's total asset turnover for 2016 and 2017. Total Asset Turnover Choose Numerator: 1 Choose Denominator: = Total Asset Turnover Total asset turnover 1 = 2016 2017
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