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Miller Company reported the following information in its 2020 financial statements ($ in millions): A note disclosed that the allowance for uncollectible accounts had a
Miller Company reported the following information in its 2020 financial statements (\$ in millions): A note disclosed that the allowance for uncollectible accounts had a balance of $42.4 million and $39.7million at the end of 2020 and 2019 , respectively. Bad debt expense for 2020 was $30.0 million. Required: Determine the amount of cash collected from customers during 2020. Note: All sales are on credit. Enter your answer in millions rounded to 1 declmal place (l.e., 5,500,000 should be entered as 5.5)
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