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

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

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

Sales	$33,100
Food and packaging	$11,626
Payroll	8,300
Occupancy (rent, depreciation, etc.)	7,384
General, selling, and administrative expenses	4,800
	$32,110
Income from operations	$990

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.)
$ million

b. 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 $2,000 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million.
$ million

business accounting

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