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Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $26, 100 Food
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $26, 100 Food and packaging $8, 062 Payroll 6, 600 Occupancy (rent, depreciation, etc.) 6, 858 General, selling, and administrative expenses 3, 800 $25, 320 Income from operations $780 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) $ _______ million What is Wicker Company's contribution margin ratio? Round to one decimal place. _______% How much would income from operations increase if same-store sales increased by $1, 600 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. $ _______million
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