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General Mills reported the following information in its 2009 financial statements ($ in millions): 2009 2008 Balance sheet: Accounts Recievable (net) 953 1084 2009 Income
General Mills reported the following information in its 2009 financial statements ($ in millions):
2009 | 2008 | |
Balance sheet: | ||
Accounts Recievable (net) | 953 | 1084 |
2009 Income Statement:
Sales Revenue $4,271
Bad Debt Expense 14
A note disclosed that the allowance for uncollectible accounts had a balance of $18 million and $16 million at the end of 2009 and 2008, respectively.
Determine the amount of cash collected from customers during 2009.
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