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Miller Company reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net $ 2,047.6 $ 1,624.8
Miller Company reported the following information in its 2017 financial statements ($ in millions):
2017 | 2016 | |||||
Balance Sheet: | ||||||
Accounts receivable, net | $ | 2,047.6 | $ | 1,624.8 | ||
Income statement: | ||||||
Sales revenue | $ | 18,377.1 | ||||
A note disclosed that the allowance for uncollectible accounts had a balance of $28.9 million and $28.9 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $19.2 million. Required:
Determine the amount of cash collected from customers during 2017.
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