Question: Question 3 5 pts Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were
Question 3 5 pts Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were $4.5 million (all on credit), and its net profit margin was 8%. Its inventory turnover was 7.0 times during the year, and its DSO was 40 days. Its annual cost of goods sold was $3.15 million. The firm had fixed assets totaling $550.000. Mako's payables deferral period is 40 days. Calculate Mako's cash conversion cycle. 73.00 days O 47.14 days 52.14 days 60.83 days
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