Module $05$ Assignment: Chapter $17$

Question $9$ of $13$

View Policies

Show Attempt History

Current Attempt in Progress

Your answer is incorrect.

Suppose the $2022$ income statement for McDonald's Corporation shows cost of goods sold $$5,178\mathrm{.}0$ million and operating expenses $($including depreciation expense of $$1,216\mathrm{.}2$ million$)$ $$10,725\mathrm{.}7m$ inventory decreased $$5\mathrm{.}3$ million, prepaid expenses increased $$42\mathrm{.}2$ million, accounts payable $($inventory suppliers$)$ increased $$15\mathrm{.}6$ million, and accrued expenses payable increased $$199\mathrm{.}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$8\mathrm{.}527\mathrm{.}5.)$

Cash payments to suppliers

Cash payments for operating expenses

$$ million

$ $$ million

eTextbook and Media

eTextbook

Save for Late