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Nike, Inc., is a leading manufacturer of sports apparel, shoes, and equipment. The companys 2013 financial statements contain the following information (in millions): A note

Nike, Inc., is a leading manufacturer of sports apparel, shoes, and equipment. The companys 2013 financial statements contain the following information (in millions):

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A note disclosed that the allowance for uncollectible accounts had a balance of $114 million and $101 million at the end of 2013 and 2012, respectively. Bad debt expense for 2013 was $42 million. Assume that all sales are made on a credit basis.

1. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2013. (Enter your answers in millions.)

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Options for collumns in numbers 1 & 2: Bad debts expense, Collections, Sales, and Write-offs

2.

Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2013. (Enter your answers in millions.)

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