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For a recent year, McDonalds (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $16,200 Food and packaging $(5,308) Payroll (4,100) Occupancy

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

Sales $16,200
Food and packaging $(5,308)
Payroll (4,100)
Occupancy (rent, depreciation, etc.) (3,902)
General, selling, and administrative expenses (2,400)
$(15,710)
Operating income $490

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.) $ _____________

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

c. How much would operating income increase if same-store sales increased by $1,000 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. $ __________________

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