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Suppose in its income statement for the year ended June 30, 2025, The Clorox Company reported the following condensed data (dollars in millions). Salaries and
Suppose in its income statement for the year ended June 30, 2025, 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 Assume a tax rate of 34%. $ 1,350 270 15,390 540 1,350 723 Research and development expense $ 270 Income tax expense Loss on disposal of plant assets Cost of goods sold Rent expense Utilities expense 902 135 7,695 270 135
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