The 2004 income statement for mcdonalds corporation shows

Reference no: EM13614963

The 2004 income statement for McDonald's Corporation shows cost ofgoods sold $4,852.7 million and operating expenses (includingdepreciation expense of $1,201 million) $10,671.5 million. The comparative balance sheet for the year shows that inventoryincreased $18.1 million, prepaid expenses increased $56.3 million,accounts payable (merchandise suppliers) increased $136.9 million,and accrued expenses payable increased $160.9 million.

Using the direct method, compute the following: (Round all answers to 1 decimalplace.)

Cash payments to suppliers $ million
Cash payments for operating expenses $ million

Reference no: EM13614963

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