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The annual report for Fallon Holding Corporation contained the following information: (in millions) 2016 2015 Accounts Receivable $ 663 $ 725 Allowance for Doubtful Accounts
The annual report for Fallon Holding Corporation contained the following information:
(in millions) | 2016 | 2015 | ||||||
Accounts Receivable | $ | 663 | $ | 725 | ||||
Allowance for Doubtful Accounts | 27 | 27 | ||||||
Accounts Receivable, Net | $ | 636 | $ | 698 | ||||
Assume that accounts receivable write-offs amounted to $14 during 2016 and $4 during 2015, and that Fallon did not record any recoveries.
Required:
Determine the Bad Debt Expense for 2016 based on the above facts. (Enter your answer in millions.)
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