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LO 3-4 3.11 Computing Cash Collections from Customers. iRobot designs and manufactures robots for consumer, commercial, and military use. For the fiscal year ended Janu-

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LO 3-4 3.11 Computing Cash Collections from Customers. iRobot designs and manufactures robots for consumer, commercial, and military use. For the fiscal year ended Janu- ary 2, 2016, the company reported the following on its balance sheet and income statement (amounts in thousands): Accounts receivable, net of allowance of $33 at January 2, 2016, and $67 at December 27, 2014, of $104,679 and $71,056, respectively. Revenue for fiscal 2015 (i.e., the year ended January 2, 2016) of $616,778. Bad debt expense for fiscal 2015 of $0. Compute the amount of cash collected from customers during fiscal 2015

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