Clorox ended fiscal year 2018 with $1,602 of Goodwill on its balance sheet. What is the best inference you could draw from the existence of Goodwill?

Group of answer choices:

Clorox acquired other companies for amounts that, in hindsight, were too high.

Cloroxs research and development efforts have created substantial intangible assets.

Clorox has definitive plans to divest a major business unit, but it hasnt done so as of June 30, 2018.

Clorox has purchased other companies for amounts that exceeded the fair value of net assets acquired.