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Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in Millions): Sales $23,900 Food and packaging $5,843 Payroll 6,300 Occupancy (rent, depreciation, etc.) 8,057 General, selling, and admin. expenses 3,700 Other expense 480 Total expenses (24,380) Operating income (loss) $(480) 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? Enter your answer in million, rounded to one decimal place. 6,453 x million b. What is McDonald's contribution margin ratio? Round your percentage answer to one decimal place. 27 X % $ c. How much would operating income increase if same-store sales increased by $1,400 million for the coming year, with no change in the 378 x million Check My Work 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? Enter your answer in million, rounded to one decimal place. 6,453 X million b. What is McDonald's contribution margin ratlo? Round your percentage answer to one decimal place. 27 X % How much would operating income increase if same-store sales increased by $1,400 million for the coming year, with no change in the contribution margin ratio or twed costs? 378 X million d. What would have been the operating income or loss for the recent year if sales had been $1,400 million more? 102 X million e. To achieve break even for the recent year, by how much would sales need to increase Enter your anwer in milion rounded to the nearest whole number 1,778 X million