Lok Company reports net sales of $4,952,000 for Year 2 and $7,528,000 for Year 3 . Endof-year balances for total assets are Year 1, $1,690,000; Year 2, $1,769,000; and Year 3, $1,903,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. (2) Lok's competitor has a Total Asset Turnover of 3.0 during Year 3. Is Lok performing better or worse than its competitor on the basis of total asset turnover? Complete this question by entering your answers in the tabs below. Compute Lok's total asset turnover for Year 2 and Year 3. Required information [The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $83,600. The machine's useful life is estimated at 20 years, or 398,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 33,800 units of product. Determine the machine's second-year depreciation using the units-of-production method