You've collected the following information for the most recent financial year of Ontario Iron:

Cash: $25 million

Inventory: $31 million

Total assets: $280 million

Fraction of sales on credit: 100%

Average collection period: 32 days

Payables period: 43 days

Current ratio: 1.2

(Total) asset turnover: 8

Inventory turnover: 9

Total debt ratio (total liabilities/assets): 0.47

Attempt 1/10 for 10 pts.

Part 1

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

Part 2

What was net fixed assets at the end of the year (in $ million)?

Part 3

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

Part 4

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

Part 5

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