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Cash: $25 million Inventory: $38 million Total assets: $280 million Fraction of sales on credit: 100% Average collection period: 53 days Payables period: 43 days

Cash: $25 million

Inventory: $38 million

Total assets: $280 million

Fraction of sales on credit: 100%

Average collection period: 53 days

Payables period: 43 days

Current ratio: 1.2

(Total) asset turnover: 2

Inventory turnover: 9

Total debt ratio (total liabilities/assets): 0.6

What was the accounts receivable balance at the end of the year (in $ million)?

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