7 pts Question 4 Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were $5.0 million (all on credit), and its net profit margin was 8%. Its inventory turnover was 5.0 times during the year, and its DSO was 40 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 60 days. Assume Mako holds negligible amounts of cash and marketable securities, calculate its total asset turnover. 3.14 2.82 2.71 291