5630 230 5400 2700 2700 The CLOROX COMPANY Income Statement For the year Ended June 30,2020 (Amount in millions) Sales Sales Revenue Less Sales Returns and Allowances Net sales Cost of Goods Sold Gross Profit Operating Expenses Salaries and Wages Expenses Depreciation Expenses Advertising Expenes Research and Development Expenses Rent Expenses Utilities Expenses Total operating Expenses Income From operations Other Expenses and losses Interest expenses Loss on Disposal of Plant Assets 460 90 499 114 105 60 1328 1372 161 46 Income Before income Taxes Income Tax Expenses Net income/(loss) 207 1165 396 769) Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, e.g. 15.2%.) Gross profit rate % Profit margin %