w Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were $5.0 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 $3.5 million. The firm had fixed assets totaling $700,000. Mako's payables deferral period is 55 days. Assume Mako holds negligible amounts of cash and marketable securities, calculate its total asset turnover. 2.82 2.69 2.71 O 2.90