Contribution Margin and Contribution Margin Ratio

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

Sales $41,900 Food and packaging $17,966 Payroll 10,600 Occupancy (rent, depreciation, etc.) 5,974 General, selling, and administrative expenses 6,100 $40,640 Income from operations $1,260 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.)

$fill in the blank 1

million

b.What is Wicker Company's contribution margin ratio? Round to one decimal place.

fill in the blank 2

%

c.How much would income from operations increase if same-store sales increased by $2,500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million.

$fill in the blank 3

million