Johnson Mills reported the following information in its 2015

Johnson Mills reported the following information in its 2015 financial statements ($ in millions): 2015 2014 Balance Sheets: Accounts receivable, net $ 2,147.8 $ 1,675.0 2015 Income statement: Sales revenue $ 18,477.6 A note disclosed that the allowance for uncollectible accounts had a balance of $30.4 million and $30.1 million at the end of 2015 and 2014, respectively. Bad debt expense for 2015 was $20.4 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).) Not sure if correct but I get 17,974.40 how do you posted in millions rounded to 1 decimal place?

Solution

Correct Answer is 17984.40