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For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $39,800 Food and packaging $17.530 Payroll 10,000 Occupancy (rent,

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For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $39,800 Food and packaging $17.530 Payroll 10,000 Occupancy (rent, depreciation, etc.) 5,280 General, selling, and administrative 5,800 expenses $38,610 Income from operations $1,190 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.) X million b. What is McDonald's contribution margin ratio? X % c. How much would income from operations increase if same-store sales increased by $2,400 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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