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Miller Company reported the following information in its 2017 financial statements ($ in millions):
2017 2016
Balance Sheet:
Accounts receivable, net $2,348.2 $1,775.4
Income statement:
Sales revenue $18,678.6
A note disclosed that the allowance for uncollectible accounts had a balance of $33.4 million and $32.5 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $22.8 million.
Required:
Determine the amount of cash collected from customers during 2017.
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Answers: 1
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Miller Company reported the following information in its 2017 financial statements ($ in millions):...
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