Contribution margin and contribution margin ratio For a recent year, McDonald's ( MCD ) company - owned
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Question:
Contribution margin and contribution margin ratio
For a recent year, McDonald's MCD companyowned restaurants had the following sales and expenses in millions:
Assume that the variable costs consist of food and paper, payroll, of occupancy and other expenses, and of the general, selling, and administrative expenses.
a What is McDonald's contribution margin?
$
million
b What is McDonald's contribution margin ratio? Round to one decimal place.
tenth of a million one decimal place
$
million
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