Segment Analysis Winston Sylvester Corporation is a brokerage and financial service company. The company recently provided information about its major business segments as follows (in millions):

Investor Services Institutional Services

Revenues $2,550 $1,583

Income from operations 1,036 164

Depreciation 98 54

a. The (Investor Services/Institutional Services) segment serves the retail customer, you and me. These include brokerage, Internet, and mutual fund services. The (Investor Services/Institutional Services) segment includes the same services provided for financial institutions, such as banks, mutual fund managers, insurance companies, and pension plan administrators.

b. Estimate the contribution margin for each segment, assuming depreciation represents the majority of fixed costs.

Investor Services (in millions) Institutional Services (in millions)

Estimated contribution margin $ $