Question: Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): $41,800 Sales Food and

 Contribution Margin and Contribution Margin Ratio For a recent year, Wicker

Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): $41,800 Sales Food and packaging $11,722 Payroll 10,500 Occupancy (rent, depreciation, etc.) 12,228 6,100 General, selling, and administrative expenses $40,550 Income from operations $1,250 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. (Give answer in millions of dollars.) 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 year, with no change $2,500 million for the com the contribution ma ratio or fixed costs? Round your answer to the closest million. million

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