General Mills reported the following information in its 2013 financial statements ($ in millions): ...
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Accounting
| General Mills reported the following information in its 2013 financial statements ($ in millions): |
| 2013 | 2012 | ||||
| Balance Sheets: | |||||
| Accounts receivable, net | $ | 2,949.4 | $ | 2,076.6 | |
| 2013 Income statement: | |||||
| Sales revenue | $ | 19,281.6 | |||
| A note disclosed that the allowance for uncollectible accounts had a balance of $42.4 million and $39.7 million at the end of 2013 and 2012, respectively. Bad debt expense for 2013 was $30.0 million. |
| Required: |
| Determine the amount of cash collected from customers during 2013. (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).) |
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