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Exercise 12-15 Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $5,237.0 million and operating expenses (including depreciation expense of $1,300.0

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Exercise 12-15 Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $5,237.0 million and operating expenses (including depreciation expense of $1,300.0 million) $10,198.0 million. The comparative balance sheets for the year shows that inventory decreased $4.8 million, prepaid expenses increased $45.3 million, accounts payable (merchandise suppliers) increased $15.1 million, and accrued expenses payable increased $189.0 million. Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (a) Cash payments to suppliers million $ (b) Cash payments for operating expenses million Click if you would like to Show Work for this question: Open Show Work

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