For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions):...

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For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $32,400 Food and packaging $(10,980) Payroll (8,200) Occupancy (rent, depreciation, etc.) (7,550) General, selling, and administrative expenses (4,700) $(31,430) Operating income $970 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) million b. What is McDonald's contribution margin ratio? For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $32,400 Food and packaging $(10,980) Payroll (8,200) Occupancy (rent, depreciation, etc.) (7,550) General, selling, and administrative expenses (4,700) $(31,430) Operating income $970 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) million b. What is McDonald's contribution margin ratio?

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