Show Me How Question Content Area Contribution margin and contribution margin ratio For a recent year, McDonalds (MCD) company-owned restaurants had the following sales and expenses (in millions): Line Item Description Amount Sales $23,000 Food and paper $(3,000) Payroll and employee benefits (2,000) Occupancy and other expenses (4,300) General, selling, and administrative expenses (2,700) Total $(12,000) Operating income $11,000 Assume that the variable costs consist of food and paper, payroll, 25% of occupancy and other expenses, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? fill in the blank 1 of 1$ million b. What is McDonald's contribution margin ratio? Round to one decimal place. fill in