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  1. business
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  3. for a recent year, wicker company-owned restaurant

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

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Accounting

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

Sales $16,500
Food and packaging $5,400
Payroll 4,200
Occupancy (rent, depreciation, etc.) 4,010
General, selling, and administrative expenses 2,400
$16,010
Income from operations $490

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? Round to the nearest million. (Give answer in millions of dollars.) $fill in the blank 1 million

b. What is Wicker Company's contribution margin ratio? Round your answer to one decimal place. fill in the blank 2 %

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? Round your answer to the closest million.

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