Miller Company reported the following information in its 2020 financial statements ($ in millions): ...
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Accounting
Miller Company reported the following information in its 2020 financial statements ($ in millions):
| 2020 | 2019 | |
| Balance Sheet: | ||
| Accounts receivable, net | $ 1,646.8 | $ 1,424.0 |
| Income statement: | ||
| Sales revenue | $ 17,975.1 |
A note disclosed that the allowance for uncollectible accounts had a balance of $22.9 million and $24.1 million at the end of 2020 and 2019, respectively. Bad debt expense for 2020 was $14.4 million.
Required:
Determine the amount of cash collected from customers during 2020.
Note: 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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