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Miller Company reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net $ 2,648.8 $1,926.0 Income
Miller Company reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net $ 2,648.8 $1,926.0 Income statement: Sales revenue $18, 980.1 A note disclosed that the allowance for uncollectible accounts had a balance of $37.9 million and $36.1 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $26.4 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).) Answer is complete but not Cash collections 19,680.18
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