What amount of cash did dr. popper collect

Reference no: EM133655575

Question: Dr. Popper, is a leading worldwide integrated brand owner, bottler, and distributor of non-alcoholic beverages. The following represents selected data from recent financial statements of Dr. Popper (dollars in millions): Dr. Popper Consolidated Balance Sheets (partial) (in millions) December 31, 20x3 December 31, 20x2 Assets Current assets: Cash and cash equivalents $ 222 $ 59 Accounts receivable (net of allowances of $16 and $23, respectively) 520 540 Consolidated Statements of Income (partial) (in millions) For the Year Ended December 31 20x3 20x2 20x1 Net sales $ 5,600 $ 5,480 $ 5,478 Net income $ 874 $ 850 $ 770 Source: Dr. Popper The company also reported bad debt expense of $8 million in 20x3, $14 million in 20x2, and $10 million in 20x1. Required: Record the company's write-offs of uncollectible accounts for 20x3. Assuming all sales were on credit, what amount of cash did Dr. Popper collect from customers in 20x3? Compute the company's net profit margin for the three years presented.

Reference no: EM133655575

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