For a recent year, Wicker Company owned restaurants had the following sales and expenses (in millions) Sales $38,800 Food and packaging $16,284 Payroll 9,800 Occupancy (rent, depreciation, etc ) 5,956 General, selling, and administrative expenses 5,600 $37,640 Income from operations $1,160 Assume t...

a Compute Contribution Margin of the company as follows Compute Contribution Margin Particulars Amou ...

For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $38,800

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Question:

For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions):

Sales	$38,800
Food and packaging	$16,284
Payroll	9,800
Occupancy (rent, depreciation, etc.)	5,956
General, selling, and administrative expenses	5,600
	$37,640
Income from operations	$1,160

Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.

a. What is Wicker Company's contribution margin? Round to the nearest million

b. What is Wicker Company's contribution margin ratio? Round to one decimal place
c. How much would income from operations increase if same-store sales increased by $2,300 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million