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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). Assume a

image text in transcribedimage text in transcribedimage text in transcribed Suppose in its income statement for the year ended June 30, 2025, The Clorox Company reported the following condensed data (dollars in millions). Assume a tax rate of 34%. Assume the marketing department has presented a plan to increase advertising expenses by $900 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 20%. (Hint: Increase both sales revenue and sales returns and allowances by 20%.) (Assume a tax rate of 34%, and round all amounts to whole dollars.) Total Operating Expenses Income From Operations Other Expenses and Losses Income Before Income Taxes Net Income / (Loss)

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