Question: Contribution Margin and Contribution Margin Ratio Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses

Contribution Margin and Contribution Margin Ratio

Contribution Margin and Contribution Margin Ratio Contribution Margin and Contribution Margin Ratio

Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): 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. $ million b. What is Wicker Company's contribution margin ratio? % c. How much would income from operations increase if same-store sales increased by $1, 700 million for the coming year, with no change in the contribution margin ratio or fixed costs? $ million

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