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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 )

Contribution Margin and Contribution Margin Ratio
For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions):
\table[[Sales,$23,900
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $23,900 Food and packaging $7,179 Payroll 6,000 Occupancy (rent, depreciation, etc.)6,501 General, selling, and administrative expenses 3,500 $23,180 Income from operations $720 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.) $fill in the blank 1 million b. What is Wicker Company's contribution margin ratio? Round your answer to one decimal place. fill in the blank 2% c. How much would income from operations increase if same-store sales increased by $1,400 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. $fill in the blank 3 million
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