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flow cycle. Mako's sales last year were $5.5 million (all on credit), and its net...

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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. O 67 days 52.14 days O 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 $6 million (all on credit), and its net profit margin was 10%. Its inventory turnover was 7.0 times during the year, and its DSO was 42 days. Its annual cost of goods sold was $4.2 million. The firm had fixed assets totaling $700,000, Mako's payables deferral period is 42 days. Assume Mako holds negligible amounts of cash and marketable securities, calculate its total asset turnover

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