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For a recent year, McDonald's Company - owned restaurants had the following sales and expenses ( in millions ) : Sales $ 2 1 ,

For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions):
Sales $21,200
Food and packaging $7,664
Payroll 5,300
Occupancy (rent, depreciation, etc.)4,496
General, selling, and administrative expenses 3,100
$20,560
Income from operations $640
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.
a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.)
$fill in the blank 1 million
b. What is McDonald's contribution margin ratio?
fill in the blank 2%
c. How much would income from operations increase if same-store sales increased by $1,300 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 3 million

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