FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Miller Company reported the following information in its 2020 financial statements ($ in millions):
| 2020 | 2019 | |
|---|---|---|
| $ 2,448.4 | $ 1,825.6 | |
| Income statement: | ||
| Sales revenue | $ 18,779.1 |
A note disclosed that the allowance for uncollectible accounts had a balance of $34.9 million and $33.7 million at the end of 2020 and 2019, respectively.
Required:
Determine the amount of cash collected from customers during 2020.
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