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Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,889.4 I...

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Accounting

Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,889.4 I (including depreciation expense of $1,266.0 million) $10,671.7 million. The comparative balance sheets for the year show that inventory decreased $7.5 million, prepaid expenses increased $46.2 million, accounts payable (inventory suppliers) increased $19.1 million, and accrued expenses payable increased $195.8 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
image

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