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For a recent year, McDonalds (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $19,200 Food and packaging $(7,712) Payroll (4,800) Occupancy

For a recent year, McDonalds (MCD) company-owned restaurants had the following sales and expenses (in millions):

Sales $19,200
Food and packaging $(7,712)
Payroll (4,800)
Occupancy (rent, depreciation, etc.) (3,308)
General, selling, and administrative expenses (2,800)
$(18,620)
Operating income $580

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.) $ million

b. What is McDonald's contribution margin ratio? %

c. How much would operating income increase if same-store sales increased by $1,200 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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