Question: i'm not sure how to get the average total assets Exercise 8-22 Evaluating efficient use of assets LO A1 Lok Co. reports net sales of

i'm not sure how to get the average total assets

Exercise 8-22 Evaluating efficient use of assets LO A1 Lok Co. reports net sales of $4,009,000 for Year 2 and 58,537000 for Year 3. End-of-year balances for total assets are Year 1. $1,655.000 Year 2.51819,000 and Year 3.51922,000 in Compute Lok's total asset turnover for Year 2 nd Year 3. Total Asset Turnov Choose Numatori Choose Denominater: - Total Aset Turnever Average Total move $ 4.000.000 * 0 $ 3.537.000 0 Year 2 Year (2) Lok's competitor has e Total Asset Turnover of 3.0 during Year 3. Is Lok performing better or worse than its competitor on the basis of total asset tumover Beer worse

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