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Lab Assignment Question 5 of 7 -16 i View Policies Current Attempt in Progress Suppose the 2022 income statement for McDonald's Corporation shows cost of
Lab Assignment Question 5 of 7 -16 i View Policies Current Attempt in Progress Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,826.3 million and operating expenses (including depreciation expense of $1,220.0 million) $10,613.1 million. The comparative balance sheets for the year show that inventory decreased $5.4 million, prepaid expenses increased $42.5 million, accounts payable (inventory suppliers) increased $17.2 million, and accrued expenses payable increased $195.1 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.g. 527.5.) Cash payments to suppliers $ million Cash payments for operating expense
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