Question: Current Attempt in Progress Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $5,422.0 million and operating expenses (including depreciation expense
Current Attempt in Progress Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $5,422.0 million and operating expenses (including depreciation expense of $1.182.0 million) $11.259.0 million. The comparative balance sheets for the year shows that Inventory decreased $5.7 million prepaid expenses increased $44.3 million, accounts payable (merchandise suppliers) increased $15.7 million, and accrued expenses payable increased $185.0 million Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (a) Cash payments to suppliers $ million (b) Cash payments for operating expenses $ million
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