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Contribution Margin and Contribution Margin Rlatio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in mullions): Assume that the variable
Contribution Margin and Contribution Margin Rlatio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in mullions): Assume that the variable costs consist of food and packaging; payrall; and 40% of the general, sellieg, and adaninistrative expenses. a. What is Wicker Company's contribunon margin? Round to the nearest million. (Give answer in millions of dollars.) milion b. What is Wicker Company's contribution margin rotio? Round your answer to one decimal place. C. How much would income frum operations increase if same-store sales increased by 51,600 million for the coming year, weth no change in the contribution margin ratio or fixed costs? Round your answer to the dosest million. 3 milion
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