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How do you calculate this Calculate the gross prot rate and the prot margin. (Round answers to 1 decimal place, e.g. 15.2%.) Suppose in its

How do you calculate this

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Calculate the gross prot rate and the prot margin. (Round answers to 1 decimal place, e.g. 15.2%.) 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 $ 460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 328 Sales revenue 5,230 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 2,500 Advertising expense 499 Rent expense 105 Sales returns and allowances 230 Utilities expense 60 Income Statement For the Year Ended June 30, 2022 V (amounts in millions) Sales Sales Revenue _ m E Sales Returns and Allowances 230a$ Zost of Goods Sold Gross Prot V 2500 Dperating Expenses VI Salaries and Wages Expense 460 Utilities Expense Advertising Expense 499 Depreciation Expense Research and Development Expense 114 Research and Development Expense l 114 Rent Expense l 105 Total Operating Expenses V ncome From Operations V 1,172 3ther Expenses and Losses V Interest Expense 16 1 Loss on Disposal of Plant Assets 46 207 ncome Before Income Taxes V 965 1come Tax Expense l 328 Net Income / (Loss) V $ 637

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