Business, 06.05.2020 00:13 eto911

For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions):Sales $38,800Food and packaging $16,284Payroll 9,800Occupancy (rent, depreciation, etc.) 5,956General, selling, and administrative expenses 5,600$37,640Income from operations $1,160Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.)$ millionb. What is Wicker Company's contribution margin ratio? Round to one decimal place.%c. How much would income from operations increase if same-store sales increased by $2,300 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million.$ million

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

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