Question 17 5 pts Cobia Industries is considering changes in its working capital policies to improve its cash flow cycle. Cobia's sales last year were $5.2 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 $550,000. Cobia's payables deferral period is 40 days. Calculate Cobia's cash conversion cycle. 67.14 58.94 73.00 65.00