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Exercise 201 The income statement for McDonald's Corporation shows cost of goods sold $6.125.6 million and operating expenses (including depreciation expense of $1,214.1 million) $18,907.6
Exercise 201 The income statement for McDonald's Corporation shows cost of goods sold $6.125.6 million and operating expenses (including depreciation expense of $1,214.1 million) $18,907.6 million. The comparative balance sheet for the year shows that inventory increased $12.9 million, prepaid expenses increased $102.9 million, accounts payable (merchandise suppliers) decreased $44.6 million, and accrued expenses payable increased $162.4 million. Using the direct method compute cash payments to suppliers. (Enter answer in millions, e.g. 2,125.1 million) Cash payments to suppliers million Using the direct method compute cash payments to for operating expenses. (Enter answer in millions, 6.9. 2,125.1 million) Cash payments for operating expenses million
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