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Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the...

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Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the folowing sales and expenses (in Million) Sales $33,300 Food and packaging $12,657 Payroll 8,400 Occupancy (rent, depreciation, etc.) 6,443 General, selling, and administrative expenses 4,800 $32,300 Income from operations $1,000 Assume that the variable costs consist of food and packaging, payroll, and 40% of the generalselling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million (Give answer in millions of dollars.) million b. What is McDonald's contribution margin ratio? 96 c. How much would income from operations increase if same-store sales increased by $2,000 million for the coming year, with no change in the contribution margin ratio or fixed costs 7 Round your answer to the closest million million

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