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Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,858.7 million and operating expenses (including depreciation expense of $1,245.0 million) $10,686.5
Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,858.7 million and operating expenses (including depreciation expense of $1,245.0 million) $10,686.5 million. The comparative balance sheets for the year inventory decreased $6.9 million, prepaid expenses increased $42.5 million, accounts payable (inventory suppliers) increased $19.2 million, and accrued expenses payable increased \$203.9 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 expenses million
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