Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,854.8 million and operating expenses (including depreciation expense of $1,236.0 million $10.689.8 million. The comparative balance sheets for the year show that eventory decreased $5,5 million, prepaid expenses increased $44.4 million, accounts payable inventory suppliers increased $150 million, and accrued expenses payable increased $198.0 million Using the direct method, compute(al cash payments to suppliers and thi cash payments for operating experises. Enter answers in inions to 1 decimal place, ea 527.5) Cash payments to suppliers Cash payments for operating expenses million million
Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,854.8 million and operating expenses (including depreciation expense of $1,236.0 million $10.689.8 million. The comparative balance sheets for the year show that eventory decreased $5,5 million, prepaid expenses increased $44.4 million, accounts payable inventory suppliers increased $150 million, and accrued expenses payable increased $198.0 million Using the direct method, compute(al cash payments to suppliers and thi cash payments for operating experises. Enter answers in inions to 1 decimal place, ea 527.5) Cash payments to suppliers Cash payments for operating expenses million million
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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