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For a recent year, Wicker Company - owned restaurants had the following sales and expenses ( in millions ) : Sales $ 3 6 ,
For a recent year, Wicker Companyowned restaurants had the following sales and expenses in millions:
Sales $
Food and packaging $
Payroll
Occupancy rent depreciation, etc.
General, selling, and administrative expenses
$
Income from operations $
Assume that the variable costs consist of food and packaging; payroll; and of the general, selling, and administrative expenses.
a What is Wicker Company's contribution margin? Round to the nearest million. Give answer in millions of dollars.
$fill in the blank
million
b What is Wicker Company's contribution margin ratio? Round your answer to one decimal place.
fill in the blank
c How much would income from operations increase if samestore sales increased by $ million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million.
$fill in the blank
million
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