ipl eBook Show Me HowCalculator Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales Food and packaging Payroll $17,000 $7,450 4,300 2,240 2,500 $16,490 $510 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 McDonald's contribution margin? Round to the nearest millon. (Give answer in millions of dollars.) X million b. What is McDonald's contribution margin ratio? c. How much would income from operations increase if same-store sales increased by $1,000 million for the coming year, with no contribution margin ratio or fixed costs? Round your answer to the closest million. X million 5:50 PM /19/2018