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hi please show all work thank you!:) EX 4-10 Contribution margin and...

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Accounting

hi please show all work thank you!:) image
EX 4-10 Contribution margin and contribution margin ratio For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions): Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place). b. What is McDonald's contribution margin ratio? Round to one decimal place. c. How much would income from operations increase if same-store sales increased by $900 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the, nearest tenth of a million (one decimal place)

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