Business, 19.07.2021 21:30 rjmarin592ovzbn9

For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $33,800 Food and packaging $12,862 Payroll 8,500 Occupancy (rent, depreciation, etc.) 6,528 General, selling, and administrative expenses 4,900 $32,790 Income from operations $1,010 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 to one decimal place. fill in the blank 2 % 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? Round your answer to the closest million. $fill in the blank 3 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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