Lok Company reports net sales of $$4,145,000$ for Year $2$ and $$7,738,000$ for Year $3.$ End$-$of$-$year balances for total assets are Year $1,$

$$1,615,000$; Year $2,$ $$1,834,000$; and Year $3,$ $$1,984,000.$

$(1)$ Compute Lok's total asset turnover for Year $2$ and Year $3.$

$(2)$ Lok's competitor has a Total Asset Turnover of $3\mathrm{.}0$ during Year $3.$ Is Lok performing better or worse than its competitor on the basis

of total asset turnover?

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Required $2$

Compute Lok's total asset turnover for Year $2$ and Year $3.$