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For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $16,488 Food and packaging $5,552 Payroll 4,400 Occupancy

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

Sales $16,488
Food and packaging $5,552
Payroll 4,400
Occupancy (rent, depreciation, etc.) 4,025
General, selling, and admin. expenses 2,434
Other expense 209
Total expenses (16,620)
Operating income (loss) $(132)

Assume that the variable costs consist of food and packaging, payroll, and 45% of the general, selling, and administrative expenses.

a. What is McDonald's contribution margin? Enter your answer in million, rounded to one decimal place. $ million

b. What is McDonald's contribution margin ratio? Round your percentage answer to one decimal place. %

c. Use the rounded contribution margin ratio value to answer the following question: how much would operating income increase if same-store sales increased by $500 million for the coming year, with no change in the contribution margin ratio or fixed costs? $ million

d. What would have been the operating income or loss for the recent year if sales had been $500 million more? $ million

e. Use the rounded contribution margin ratio value to answer the following question: To achieve break even for the recent year, by how much would sales need to increase? $ million

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