I am close to the right answer and I think it is. 6,893. I have 6,891 for cash collections. Could you tell whether it is 6,893 or 6,891?

Problem 8-12 Integrating problem; inventories and accounts receivable; Chapters 7 and 8 [LO8-4, 8-6, 8- 71 Inverness Steel Corporation is a producer of tlatt-roled carbon, stainless and electrical steels, and tubular products. The company's income statement for the 2018 fiscal year reported the follawing nformation (S in millionsk Sales Cost of goods sold $7,000 6,0ae The company's balance sheets for 2018 and 2017 Indluded the following information (S in mlionsl 2018 2017 Current assetsi Accounts receivable, et Inventories 5720 $ 620 535 The statement of cash fiows reported bad debt expense for 2018 of $7 million The summary of significant accounting policles included the following notes (S in milioans) Accounts Receivable (in part The alowance for uncollectible accounts was $9 and S6 at December 31, 2018 and 2017, respectively Al sales are on credt Inventories Inventaries are valued at the lower of cost or market. The cost of the majority of inventones is measured usng the last in first out (UFO) method Other inventories are measured principaty at average cost and consist mastly of foreign inventoraes and certain raw materials If the entire inventory had been valued on an average cost basis inventory would have been higher by $560 and $410 at the end of 2018 and 2017, respectively. During 2018, 2017, and 2016, liquidation of LIFO layers generated income of S8. 59. and $27 respectively Required 1. Determine the amount of accounts recevable Inverness wrote off durng 2018 (Enter your answer in millions.) 2. Calculate the amoumt of cash colected from customers dunng 2018 (Enter your answer in millions.) 3. Calculate what cost of goods sold would have been for 2018 if the compary hod used average cost to value its entire inventory (Enter your answer in milsons.) A Caiculate the receivabies turnover ratio, the Inveritory Turnover ratio and the gross profit ratio for 2018 (Round Receivables turnpver retio and "Inventory turnover ratio" answers to 2 decimel places. Round "Gross profit ratio" answer to nearest percent ie., 0123 needs to be entered as 12'%)) mion 11. Auseunts recsivabile writian off 6,891 milon 2. Cash colections f850 mion 10.45 times 672 times 3 Cot of goads sold 4a Receivables tumever ratio 14b Inventory tumaver eatio- 4Gross proft satio 14 %