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For a recent year, Wicker Company, a business consisting of company-owned restaurants, had the following sales and expenses (in millions): Sales $17,200 Food and packaging

For a recent year, Wicker Company, a business consisting of company-owned restaurants, had the following sales and expenses (in millions):

Sales $17,200
Food and packaging $5,880
Payroll 4,300
Occupancy (rent, depreciation, etc.) 4,000
General, selling, and administrative expenses 2,500
$16,680
Income from operations $520

Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.

a. What is Wicker Company's contribution margin? $ million

b. What is Wicker Company's contribution margin ratio? %

c. How much would income from operations 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? $ million

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