Question: Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses De millions Sales Food and

Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses De millions Sales Food and packaging Payroll $34,500 $13,795 8,700 Occupancy (rent, depreciation, etc.) 5.975 General, selling, and administrative expenses 5,000 $33,470 $1,030 Income from operations - 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) million b. What is McDonald's contribution margin ratio? % How much would income from operations increase if same-store sales increased by $2,100 million for the coming year, with no change in the contribution margin ratio or find ? Round your answer to the c milion
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