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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

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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. Calculate Mako's cash conversion cycle 68.00 days O 47.14 Days 67.14 days 37.83 days

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