Answer :
Answer:
$493.8
Explanation:
Since the 2016 financial statements of Leggett & Platt, Inc. includes the following information in a footnote. (in millions) 2016 2015 Allowance for doubtful accounts $ 7.2 $ 9.3 Total accounts and other receivables, net $486.6 $520.2
Therefore the company’s current gross accounts and other receivables at the end of 2016 is
Net Total accounts and other receivables, net $486.6
Allowance for doubtful accounts .............................$ 7.2
Gross accounts and other receivables................$493.8
The gross accounts and other receivables will be the amounts before making any allowances for doubtful accounts