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General Mills reported the following information in its 2011 financial statements ($ in millions): 2011 2010 Balance Sheet: Accounts receivable, net $ 1,162.3 $ 1,041.6
General Mills reported the following information in its 2011 financial statements ($ in millions): |
2011 | 2010 | ||||
Balance Sheet: | |||||
Accounts receivable, net | $ | 1,162.3 | $ | 1,041.6 | |
2011 Income statement: | |||||
Sales revenue | $ | 14,880.2 | |||
A note disclosed that the allowance for uncollectible accounts had a balance of $16.3 million and $15.8 million at the end of 2011 and 2010, respectively. Bad debt expense for 2011 was $12.7 million. |
Determine the amount of cash collected from customers during 2011. |
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