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

b.

What was the amount of short-term debt at the end of the year (in $ million)?

c.

What was the amount of equity at the end of the year?

Given Data 

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