Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses in millions): Sales $28,000 Food and packaging Payroll $(6,940) (7,100) (9,020) Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses (4,100) $(27,160) Operating income $840 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) $ 15,680 x million b. What is McDonald's contribution margin ratio? 0.56 X % c. How much would operating income 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? Round your answer to the closest million. $ 952 x million Feedback Check My Work