Question: LOOR SIN ME Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company owned restaurants had the following sales and expenses (in Millions)
LOOR SIN ME Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company owned restaurants had the following sales and expenses (in Millions) Sales $36,300 Food and packaging $15,179 Payroll 9,200 Occupancy (rent, depreciation, etc.) 5,531 General, seling, and administrative expenses 5,300 $35,210 Income from operations $1,090 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, seling, 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? C. How much would income from operations increase in same store sales increased by $2,200 million for the coming year, with no change in the contribution marginal or Txed costs? Round your answer to the closest million million
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