Question: Print Item Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions) Sales Food
Print Item Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions) Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses $25,200 $7,996 6,400 6,344 3,700 $24,440 $760 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 wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars) 7.104 X million b. What is Wicker Company's contribution margin ratid? Round to one decimal place 28.21 % C. How much would income from operations increase if same-store sales increased by $1,500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. -C 423 X million
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