Exercise $8-24($Algo$)$ Computing and analyzing asset turnover LO A$1$

Lok Company reports net sales of $$4,185,000$ for Year $2$ and $$7,912,000$ for Year $3.$ End$-$of$-$year balances for total assets are Year $1,$ $$1,639,000$; Year $2,$ $$1,843,000$; and Year $3,$ $$1,926,000.$

$(1)$ Compute Lok's total asset turnover for Year $2$ and Year $3.$

$(2)$ Lok's competitor has a Total Asset Turnover of $3\mathrm{.}0$ during Year $3.$ Is Lok performing better or worse than its competitor on the basis of total asset turnover?