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Suppose in its income statement for the year ended June 30, 2017. The Clorox Company reported the following condensed data (dollars in millions). $ 440
Suppose in its income statement for the year ended June 30, 2017. The Clorox Company reported the following condensed data (dollars in millions). $ 440 $ 110 85 198 7.230 50 Salaries and wages expenses Depreciation expense Sales revenue Interest expense Advertising expense Sales returns and allowances Research and development expense Income tax expense Loss on disposal of plant assets Cost of goods sold Rent expense Utilities expense 81 4,760 455 105 230 65 Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, eg. 15.2%) Gross profit rate % Profit margin %
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