1. Contribution Margin and Contribution Margin Ratio

   For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions):

   Sales	$35,400
   Food and packaging	$10,260
   Payroll	8,900
   Occupancy (rent, depreciation, etc.)	9,980
   General, selling, and administrative expenses	5,200
   	$34,340
   Income from operations	$1,060

   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.) $ million

   b. What is Wicker Company's contribution margin ratio? Round to one decimal place. %

   c. How much would income from operations increase if same-store sales increased by $2,100 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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