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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 Companyowned restaurants had the following sales and expenses in millions:
tableSales$
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Companyowned restaurants had the following sales and expenses in millions: Sales $ Food and packaging $ Payroll Occupancy rent depreciation, etc. General, selling, and administrative expenses $ Income from operations $ Assume that the variable costs consist of food and packaging; payroll; and 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 million b What is Wicker Company's contribution margin ratio? Round your answer to one decimal place. fill in the blank c How much would income from operations increase if samestore sales increased by $ 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 million
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