3. The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment includes a number of businesses, examples of which are indicated in parentheses.

Time Warner Inc.
Segment Revenues (in millions)
Turner (cable networks and digital media)	$10,596
Home Box Office (pay television)	5,615
Warner Bros. (films, television, and videos)	12,993

Assume that the variable costs as a percent of sales for each segment are as follows:

Segment	Percentage
Turner	37%
Home Box Office	33%
Warner Bros.	30%

Determine the contribution margin (round to whole millions) and contribution margin ratio (round to whole percentages) for each segment from the information given.

Does the segment with the highest contribution margin in (a) mean that it is the most profitable segment with the highest operating income?