Question

General Mills reported the following information in its 2011 financial statements ($ in millions):


A note disclosed that the allowance for uncollectible accounts had a balance of $16.3 million and $15.8 million at the end of 2011 and 2010, respectively. Bad debt expense for 2011 was $12.7 million.

Required:
Determine the amount of cash collected from customers during2011.


$1.99
Sales9
Views1055
Comments0
  • CreatedDecember 23, 2013
  • Files Included
Post your question
5000