Business, 27.10.2021 02:50 DEEWILL5100

Miller Company reported the following information in its 2017 financial statements ($ in millions): 2017 2016
Balance Sheet:
Accounts receivable, net $ 2,749.0 $ 1,976.2
Income statement:
Sales revenue $ 19,080.6
A note disclosed that the allowance for uncollectible accounts had a balance of $39.4 million and $37.3 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $27.6 million.
Required:
Determine the amount of cash collected from customers during 2017. (All sales are on credit. Enter your answer in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.5).)

Answers: 3

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Miller Company reported the following information in its 2017 financial statements ($ in millions):...