General Mills reported the following information in its 2020 financial statements ($ in millions): ...
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Accounting
General Mills reported the following information in its 2020 financial statements ($ in millions):
2020
2019
Balance Sheet:
Accounts receivable, net
$ 1,615.1
$ 1,679.7
Income statement:
Sales revenue
$ 17,626.6
A note disclosed that the allowance for uncollectible accounts had a balance of $33.2 million and $28.8 million at the end of 2020 and 2019, respectively. Bad debt expense for 2020 was $25.9 million.
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