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General Mills reported the following information in its 2017 financial statements ($ in millions): 2017 2016 $ 1,430.1 $1,360.8 Balance Sheet: Accounts receivable, net Income
General Mills reported the following information in its 2017 financial statements ($ in millions): 2017 2016 $ 1,430.1 $1,360.8 Balance Sheet: Accounts receivable, net Income statement: Sales revenue $15,619.8 A note disclosed that the allowance for uncollectible accounts had a balance of $24.3 million and $29.6 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $16.6 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).) Cash collections
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