5. For a recent year, Wicker Company-owned restaurants had the following sales...
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Accounting
5.
For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): $37,200 $12,248 Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses 9,400 9,032 5,400 $36,080 Income from operations $1,120 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 S 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 $2,200 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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