Question: eBook Show Me How Question Content Area Contribution Margin and Contribution Margin Ratio For a recent year, McDonald s ( MCD ) company - owned
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Contribution Margin and Contribution Margin Ratio
For a recent year, McDonalds MCD companyowned restaurants had the following sales and expenses in millions:
Sales$Food and packaging$PayrollOccupancy rent depreciation, etc.General selling, and administrative expenses$Operating income$
Assume that the variable costs consist of food and packaging, payroll, and of the general, selling, and administrative expenses.
aWhat is McDonald's contribution margin? Round to the nearest million. Give answer in millions of dollars.
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