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  1. business
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  3. suppose the 2022 income statement for mcdonald's c

Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,832.0 million...

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Accounting

image Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,832.0 million and operating expenses (including depreciation expense of $1,213.0 million) $10,604.1 million. The comparative balance sheets for the year show that inventory decreased $5.9 million, prepaid expenses increased $45.7 million, accounts payable (inventory suppliers) increased $16.4 million, and accrued expenses payable increased $197.7 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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