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Suppose the 2022 income sttement for McDonalds Corporation shows cost of goods sold $4,852,100 million and operating expenses (including depreciatrion expense of $1,287,000 million). $10,679,900
Suppose the 2022 income sttement for McDonalds Corporation shows cost of goods sold $4,852,100 million and operating expenses (including depreciatrion expense of $1,287,000 million). $10,679,900 million. The comparative balance sheets for the year show that inventory decreased $6,600,000 million, prepaid expenses increased $42,100,000 million, accounts payable (inventory suppliers) increased $17,700,000 million, and accrued expenses payable increased $203,300,000 million. Using the direct method, compute cash payments to suppliers and cash payments for operating expenses
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