LI C ALGO ALGO 2A MS-CHE-ACC-11-301-gerial Accounting Contribution Margin and Contribution Margin Rats CengageNOWV2 | Online teaching and learning resource from Cengage Learning For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions) Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) $30,000 $(8,340) (7,600) (8,760) General, selling, and administrative expenses (4,400) $(29,100) $900 ZA ALGO Operating income 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.) milion b. What is McDonald's contribution margin ratio? c. How much would operating income increase if same-store sales increased by $1,800 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. million 6/8 Hems Check My Work 3 more Check My Work uses remainin