(a)

(b)

(c1)

(c2)

Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses Depreciation expense Sales revenue Interest expense Advertising expense Sales returns and allowances $ 460 90 9,030 161 Research and development expense Income tax expense Loss on disposal of plant assets Cost of goods sold Rent expense Utilities expense $ 114 974 46 4,400 105 60 499 230 Assume a tax rate of 34%. (a) Prepare a multiple step income statement. (Round answers to O decimal places, e-8, 15,222.) The Clorox Company Income Statement June 30, 2022 (amounts in millions) . Total Revenues The Clorox Company Income Statement June 30, 2022 (amounts in millions) Total Revenues $ . (b) Calculate the gross profit rate and the profit margin: (Round answers to 1 decimal place, e.g. 15.2%) % Gross profit rate Profit margin 9 eTextbook and Media List of Accounts Sve for Later Attempts: 0 of 15 used Submit Answer (01) (62) The Clorox Company Income Statement + (amounts in millions) + . e Textbook and Media List of Accounts Attempts: 0 of 15 used (c2) Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, eg. 15.2%) Gross profit rate % Profit margin 96 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer MacBook AS