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help with this i am studying(5) Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,838.6 million and operating expenses (including
help with this i am studying(5)
Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,838.6 million and operating expenses (including depreciation expense of $1,229.0 million) $10,619.5 million. The comparative balance sheets for the year show that inventory decreased $7.6 million, prepaid expenses increased $44.0 million, accounts payable (inventory suppliers) increased $17.2 million, and accrued expenses payable increased $202.3 million. Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (Enter answers in millions to 1 decimal place, e. . 527.5.) Cash payments to suppliers milition Cash payments for operating expenses million Step by Step Solution
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