Suppose the 2025 income statement for McDonald's Corporation shows cost of goods sold $5,237.0 million and...

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Suppose the 2025 income statement for McDonald's Corporation shows cost of goods sold $5,237.0 million and operating expenses (including depreciation expense of $1,300.0 million) $10,198.0 million. The comparative balance sheets for the year show that inventory decreased $4.8 million, prepaid expenses increased $45.3 million, accounts payable (inventory suppliers) increased $15.1 million, and accrued expenses payable increased $189.0 million. Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (Enter amounts in millions rounded to 1 decimal place, e.g. 52.7.) (a) Cash payments to suppliers (b) Cash payments for operating expenses +A million +A $ million Suppose the 2025 income statement for McDonald's Corporation shows cost of goods sold $5,237.0 million and operating expenses (including depreciation expense of $1,300.0 million) $10,198.0 million. The comparative balance sheets for the year show that inventory decreased $4.8 million, prepaid expenses increased $45.3 million, accounts payable (inventory suppliers) increased $15.1 million, and accrued expenses payable increased $189.0 million. Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (Enter amounts in millions rounded to 1 decimal place, e.g. 52.7.) (a) Cash payments to suppliers (b) Cash payments for operating expenses +A million +A $ million

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To compute the cash payments to suppliers and cash payments for operating expenses using the direct method we need to analyze the changes in relevant ... View the full answer