Question: Question 4 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 4 5 pts Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were $5.5 million (all on credit), and its net profit margin was 10%. Its inventory turnover was 6.0 times during the year, and its DSO was 32 days. Its annual cost of goods sold was $3.85 million. The firm had fixed assets totaling $725,000. Mako's payables deferral period is 55 days. Assume Mako holds negligible amounts of cash and marketable securities, calculate its total asset turnover. 2.71x 0 2.97% 2.82x 2.69x
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