Show CalculADI Printten Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $38,000 $9,480 9,600 Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses 12,280 5,500 $36,860 Income from operations $1,140 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.) million b. What is Wicker Company's contribution margin ratio? Round to one decimal place. % c. How much would income from operations increase if same-store sales increased by $2,300 million for the coming year, with no cha margin ratio or fixed costs? Round your answer to the closest million. million Cha MV WOR eBook Show Me How Calculator Problem Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $38,000 $9,480 9,600 Food and packaging Payroll Occupancy (rent, deprecation, etc.) General, selling, and administrative expenses 12,280 5,500 $36,860 $1,140 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.) million b. What is Wicker Company's contribution margin ratio? Round to one decimal place. c. How much would income from operations increase it same store sales increased by $2,300 million for the coming year, with no change in the contribution margin ratio orixed costs? Round your answer to the closest milion million Previous M