Business, 27.10.2021 01:00, jfkdhrmd

Miller Company reported the following information in its 2017 financial statements ($ in millions): 2017 2016
Balance Sheet:
Accounts receivable, net $1,947.4 $1,574.6
Income statement:
Sales revenue $18,276.6

A note disclosed that the allowance for uncollectible accounts had a balance of $27.4 million and $27.7 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $18.0 million.

Required:
Determine the amount of cash collected from customers during 2017.

Answers: 2

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Miller Company reported the following information in its 2017 financial statements ($ in millions):...