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  3. lok co. reports net sales of $4,864,000 for 2016 a

Lok Co. reports net sales of $4,864,000 for 2016 and $8,723,000 for 2017. End-of-year balances...

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Accounting

Lok Co. reports net sales of $4,864,000 for 2016 and $8,723,000 for 2017. End-of-year balances for total assets are 2015, $1,530,000; 2016, $1,787,000; and 2017, $1,918,000. (a) Compute Lok's total asset turnover for 2016 and 2017.

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