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Business, 05.07.2020 01:01 alexmoy45p8yd7v

Lok Co. reports net sales of $4,708,000 for 2016 and $8,624,000 for 2017. End-of-year balances for total assets are 2015, $1,677,000; 2016, $1,844,000; and 2017, $1,957,000. 1. Compute Lok's total asset turnover for 2016 and 2017.2. Comment on Lok's efficiency in using its assets if its competitors average a total asset turnover of 3.0.

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Lok Co. reports net sales of $4,708,000 for 2016 and $8,624,000 for 2017. End-of-year balances for t...
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