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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 the
Suppose in its income statement for the year ended June 30. 2025. The Clorox Company reported the following condensed data (dollars in millions). Assume the marketing department has presented a plan to increase advertising expenses by $240 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 2096 .) (Assume a tax rate of 34%, and round all amounts to whole dollars.)
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