1. Miller Company reported the following information in its 2020



Miller Company reported the following information in its 2020 financial statements ($ in millions): Balance Sheet: Accounts receivable, net Income statement: Sales revenue 2020 $ 3,350.2 $ 19,683.6 Cash collections 2019 $ 2,277.4 A note disclosed that the allowance for uncollectible accounts had a balance of $48.4 million and $44.5 million at the end of 2020 and 2019, respectively. Bad debt expense for 2020 was $34.8 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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