Lok Company reports net sales of $5,674,000 for Year 2 and $7,599,000 for Year 3. End-of-year balances for total assets are Year 1, $1,581,000; Year 2, $1,786,000; and Year 3, $1,965,000.

(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?

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