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Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $ 4,805.0 million and operating expenses (including depreciation expense of $ 1,208.0
Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $ 4,805.0 million and operating expenses (including depreciation expense of $ 1,208.0 million) $10,651.8 million. The comparative balance sheets for the year show that inventory decreased $ 5.7 million, prepaid expenses increased $ 43.4 million, accounts payable (inventory suppliers) increased $ 16.2 million, and accrued expenses payable increased $ 195.2 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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