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Exercise 8-22 Evaluating efficient use of assets LO A1 Lok Co reports net sales of $5,912,000 for Year 2 and $8,254,000 for Year 3. End-of-year balances for total assets are Year 1, $1,693,000; Year 2. $1,808,000; and Year 3, $1.916,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3. Total Asset Tumover Choose Numerator: Choose Denominator: - Total Asset Turnover Total asset turnover Year 2 Year 3 1 1