General Mills reported the following information in its 2009 financial statement

Question

General Mills reported the following information in its 2009 financial statements ($ in millions):

2009 2008
Balance Sheet:
Accounts receivable, net $ 953 $ 1,084
2009 Income statement:
Sales revenue $ 4,271

A note disclosed that the allowance for uncollectible accounts had a balance of $18 million and $16 million at the end of 2009 and 2008, respectively. Bad debt expense for 2009 was $14 million.

Required:
Determine the amount of cash collected from customers during 2009. (Enter your answer in millions. Omit the "$" sign in your response.)

Cash collections $

Explanation / Answer

cah collected = 4271 + (953-1084) + (18-16) - 14 = 4128

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