Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $20,100 $7,408 Food and packaging Payroll 5,100 4,092 2,900 $19,500 $600 Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses 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 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 your answer to one decimal place. % c. How much would income from operations increase if same-store sales increased by $1,200 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. million

Contribution Margin and Contribution Nargin listion For a recent year, Wucker Cempany owned teslourants had the folowing sules and enpenses (in mallions) a. What is Weker Compary's contribution margin? Reund to the nearest mallion. (Give anwwer in millions of dollars.) milion b. What is Wicker Comparr's contribution mangen ratio? Mousd vour answer to ane decimat place. ruste? Rosand your answer to the dosest mallion. inaton