4

Question 4 5 pts Miako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's see last year were $5.5 million (all on credit), and its net profit margin was 12%. Its inventory turnover Wilis 5.0 times during the year, and its DSO was 35 days. Its annual cost of goods sold was $3.5 million. The firm had fixed assets totaling $600,000. Mako's payables deferral period is 52 days Assume Mako holds negligible amounts of cash and marketable securities, calculate its total asset turnover O 3.23 2.85 2.59 3.01