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General Mills reported the following information in its 2017 financial statements ($ in millions): 2017 2016 $ 1,430.1 $1,360

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Answer #1

Cash collection = Beginning gross accounts receivables + sales - accounts written off - ending gross accounts receivables

= (1360.80+29.6) + 15619.80 - {16.6 - (24.3 - 29.6)} - (1430.10 + 24.30)

= $15,533.60  

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