Exercise 13-11 (Part Level Submission) Suppose a recent income statement for McDonald's Corporation shows cost...
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Accounting
Exercise 13-11 (Part Level Submission) Suppose a recent income statement for McDonald's Corporation shows cost of goods sold $5,338.0 million and operating expenses (including depreciation expense of $1,321 million) $11,738.7 million. The comparative balance sheet for the year shows that inventory increased $19.9 million, prepaid expenses increased $61.9 million, accounts payable (merchandise suppliers) increased $150.6 million, and accrued expenses payable increased $177.0 million. x Your answer is incorrect. Try again. Using the direct method compute cash payments to suppliers. (Round answer to 1 decimal place, e.g. 1,589.5.) Cash payments to suppliers 10302.6 million LINK TO TEXT
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