Suppose the 2022 income statement for McDonald’s Corporation shows cost of goods sold $4,856.0 million and operating expenses (including depreciation expense of $1,203.0 million) $10,655.8 million. The comparative balance sheets for the year show that inventory decreased $5.2 million, prepaid expenses increased $42.8 million, accounts payable (inventory suppliers) increased $15.3 million, and accrued expenses payable increased $203.5 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