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 90 Income tax expense 396 Depreciation expense Sales revenue 5,630 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 2,700 499 105 Advertising expense Sales returns and allowances Rent expense Utilities expense 230 60 Assume a tax rate of 34%. Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, e.g. 15.2%.) Gross profit rate % Profit margin | %