What is the cash payments to suppliers

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Suppose a recent income statement for McDonald's Corporation shows cost of goods sold $5,580.6 million and operating expenses (including depreciation expense of $1,381 million) $12,272.2 million. The comparative balance sheet for the year shows that inventory increased $20.8 million, prepaid expenses increased $64.7 million, accounts payable (merchandise suppliers) increased $157.4 million, and accrued expenses payable increased $185.0 million.

Using the direct method compute cash payments to suppliers. (Round answer to 1 decimal place, e.g. 1,589.5.)

What is the Cash payments to suppliers?

Reference no: EM132419026

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