Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were $5 million (all on credit), and its net profit margin was 7%. Its inventory turnover was 5.0 times during the year, and its DSO was 38 days. Its annual cost of goods sold was $3.5 million. The firm had fixed assets totaling $600,000. Mako's payables deferral period is 48 days. Suppose Mako's managers believe the annual inventory turnover can be raised to 8 times without affecting sale or profit margins. What would Mako's ROA have been if the inventory tumover had been 8 for the year? 024.63% 22.46% 29.4296 0 33.14%