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Miller Company reported the following information in its 2020 financial statements ($ in millions): Balance Sheet: 2020 2019 Accounts receivable, net $ 2,648.8 $
Miller Company reported the following information in its 2020 financial statements ($ in millions): Balance Sheet: 2020 2019 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 2020 and 2019, respectively. Bad debt expense for 2020 was $26.4 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 decimal place (i.e., 5,500,000 should be entered as 5.5). Cash collections
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