Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $32,700 Food and packaging $13,751 Payroll 8,200 Occupancy (rent, depreciation, etc.) 4,969 General, selling, and administrative expenses 4,800 $31,720 Income from operations $980 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. 3. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) '- 8,829 million b. What is McDonald's contribution margin ratio? % E c. How much would income from operations increase if same-store sales increased by $2,000 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. million D