Question: 8 Problem Set Exercise 8-24 (Stotic) Evaluating efficient use of assets LO A1 Lok Coreports net sales of $5.856.480 for Year 2 and 8,679,690 for

8 Problem Set Exercise 8-24 (Stotic) Evaluating efficient use of assets LO A1 Lok Coreports net sales of $5.856.480 for Year 2 and 8,679,690 for Year End of year balances for total assets are Yeart $1686.000 Year 2.51800,000, and Year 3,51962,000 (1) Compute Lo's total asset turnover for year and Year 3 (2) Lok's competitor has a Total Asset Turnover of 30 during Year 3 is Lok performing better or worse than its competitor on the basis of total asset tumover! Complete this question by entering your answers in the tabs below. Required Compet's totalturnover for Year 2 nd Year) Page 5 S Tolstoy 235 420 Yus 1711500 137200 12000 Rewired 2 >

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