Snip Lok Co. reports net sales of $5,856,480 for Year 2 and $8,679,690 for Year 3. End-of-year balances for total assets are Year 1, $1,686,000; Year 2, $1,800,000; and Year 3, $1,982,000. New (1) Compute Lok's total asset turnover for Year 2 and Year 3. Select th New bu Total asset turnover Choose Numerator: / Choose Denominator: Total asset turnover Ip 1 Total asset turnover Year 2 1 w V 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? Better O Worse