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Business, 04.04.2020 02:12 BrandonBBB

Johnson Mills reported the following information in its 2015 financial statements ($ in millions): 2015 2014 Balance Sheets: Accounts receivable, net $ 3,250.0 $ 2,227.2 2015 Income statement: Sales revenue $ 19,583.1 A note disclosed that the allowance for uncollectible accounts had a balance of $46.9 million and $43.3 million at the end of 2015 and 2014, respectively. Bad debt expense for 2015 was $33.6 million. Required: Determine the amount of cash collected from customers during 2015. (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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Johnson Mills reported the following information in its 2015 financial statements ($ in millions): 2...
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