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endok sagmentMain.do?invokera&takeAssignmentSessionLocator=&inprogress=false look Show Me How Contribution Margin and Contribution Margin Ratio for a recent year, Wicker Company-owned restaurants had the following sales and expenses
endok sagmentMain.do?invokera&takeAssignmentSessionLocator=&inprogress=false look Show Me How Contribution Margin and Contribution Margin Ratio for a recent year, Wicker Company-owned restaurants had the following sales and expenses (in Millions): Sales $33,100 Food and packaging $10,964 Payroll 8,300 Occupancy (rent, depreciation, etc.) 8,046 General, selling and administrative expenses 4,800 $32, 110 Income from operations $990 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 milion. (Give answer in millions of dollars.) million b. What is Wicker Company's contribution margin ratio7 Round to one decimal place c. How much would come from operations increase if same store sales increased by $2,000 million for the coming year, with no change in the contribution margin ratio or fixed Cound your answer to the doset million malbon Check My Work Previous Next All worked Save and Aignmanthroats 1 SITE
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