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General Mills reported the following information in its 2013 financial statements ($ in millions): 2013 2012 Balance Sheets: Accounts receivable, net $ 2,448.4 $ 1,825.6
General Mills reported the following information in its 2013 financial statements ($ in millions): |
2013 | 2012 | ||||
Balance Sheets: | |||||
Accounts receivable, net | $ | 2,448.4 | $ | 1,825.6 | |
2013 Income statement: | |||||
Sales revenue | $ | 18,779.1 |
A note disclosed that the allowance for uncollectible accounts had a balance of $34.9 million and $33.7 million at the end of 2013 and 2012, respectively. Bad debt expense for 2013 was $24.0 million. |
Required: |
Determine the amount of cash collected from customers during 2013.(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).) |
help please
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