Balance Sheets ($ in millions) Current assets: 8 00 Microsoft's financial statements for the 2015 and 2014 fiscal years contained the following information: 2015 2014 Accounts receivable, net of allowances for doubtful accounts of $708 and $494 $ 16,572 $ 14,531 00:50:51 Income Statements ($ in millions) Revenues 2015 2014 $ 147,201 $ 132,491 In addition, the statement of cash flows disclosed bad debt expense of $1,420 million in 2015 and $1,036 million in 2014. Required: 1. Determine the amount of actual bad debt write-offs made during 2015. Note: Enter your answer in millions and not in dollars. 2. Determine the amount of cash collected from customers during 2015. Note: Enter your answer in millions and not in dollars. 3. Compute the receivables turnover ratio for 2015. Note: Round your answer to 2 decimal places. 1. Write-offs during 2015 2. Cash collection during 2015 3. Accounts receivable turnover ratio