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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 $35,200 Food
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company owned restaurants had the following sales and expenses (in millions): Sales $35,200 Food and packaging $12.996 Payroll 8.900 Occupancy (rent, depreciation, etc.) 7,144 General, selling and administrative expenses 5,100 $34,140 Income from operations 51,060 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 b. What is Wicker Company's contribution margin ratio Round to one dromet place c. How much would income from operations increase same store sales increased by $2,100 million for the coming year, with no change in the contribution margaritoor toed costs? Round your answer to the dosest milion million
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