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View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Suppose the 2022 income statement for McDonald's Corporation shows cost of
View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,922.0 million and operating expenses (including depreciation expense of $1,303.0 million) $10,333.0 million. The comparative balance sheets for the year shows that inventory decreased $52 million, prepaid expenses increased $45.5 million, accounts payable (merchandise suppliers) increased $15.3 million, and accrued expenses payable increased $205.0 million. Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (a) Cash payments to suppliers $ 490151 million (b) Cash payments for operating expenses $ million eTextbook and Media Save for Later Attempts: 1 of 3 used Submit
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