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Lok Co. reports net sales of $5,856,480 for 2016 and $8,679.690 for 2017. End-of-year b assets are 2015, $1,686,000: 2016, $1,800,000; and 2017, $1,982,000. (a)

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Lok Co. reports net sales of $5,856,480 for 2016 and $8,679.690 for 2017. End-of-year b assets are 2015, $1,686,000: 2016, $1,800,000; and 2017, $1,982,000. (a) Compute Lo s for t e 10-22 g efficient use : A1 k's total asset turn (b) Comment on Lok's efficiency in using its assets if its competitors age a and 2017. total asset turnover of 3.0

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