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ST&C's financial statements for the 2015 and 2014 fiscal years contained the following information: ...

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Accounting

ST&C's financial statements for the 2015 and 2014 fiscal years contained the following information:
Balance Sheets ($ in millions)20152014
Current assets:
Accounts receivable, net of allowances for doubtful accounts of $723 and $644 $ 16,722 $ 14,546
Income Statements ($ in millions)20152014
Revenues $ 148,701 $ 132,656
In addition, the statement of cash flows disclosed bad debt expense of $1,435 million in 2015 and $1,051 million in 2014.
Required:
Determine the amount of actual bad debt write-offs made during 2015.
Note: Enter your answer in millions and not in dollars.
Determine the amount of cash collected from customers during 2015.
Note: Enter your answer in millions and not in dollars.
Compute the receivables turnover ratio for 2015.
Note: Round your answer to 2 decimal places.

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