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Johnson Mills reported the following information in its 2015 financial statements ($ in millions): 2015 2014 Balance Sheets: Accounts receivable, net 2015 Income statement: 1,546.6
Johnson Mills reported the following information in its 2015 financial statements ($ in millions): 2015 2014 Balance Sheets: Accounts receivable, net 2015 Income statement: 1,546.6 $1,373.8 sales revenue 17,874 .6 A note disclosed that the allowance for uncollectible accounts had a balance of $21.4 million and $22.9 million at the end of 2015 and 2014, respectively. Bad debt expense for 2015 was $13.2 million. Required Determine the amount of cash collected from customers during 2015. (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).) s Cash ollections
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