Question 6 2 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 9%. Its inventory turnover was 5.0 times during the year, and its DSO was 38 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 44 days. Calculate Mako's cash conversion cycle. 52. 14 days 67 days 63 days 48.14 days Question 7 2 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 Gallon credit), and its net profit margin was 8%. Its inventory turnover was 7.0 times during the year, and its DSo was 42 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 46 days. Assume Mako holds negligible amounts of cash and marketable securities calculate its total asset turnover, 266x 3.01% 296X 2.75%