+ Chapter 5 Homework 1 -11 TII Qu Question 3 of 5 Prepare a multiple-stepincome statement. (Round answers to decimal places, eg. 15,222) Que AccoL The Clorox Company Income Statement Que Accou (amounts in millions) View Accou Ques Accoun Quest Account $ -/1 Question 3 of 5 498 Income Tax Expense 967 Income From Operations e Textbook and Media List of Accounts Calculate the gross proftrate and the profit margin. (Round answers to 1 decimal place, c.8. 15.2%) Gross proftrate Profit margin e Textbook and Media Type here to search Apps 6 Chapter 5 Homework 1 -/1 E Ques Questi Accountin Questi Accountin Viewing Accounting Question Accounting Question Accounang + Chapter 5 Homework 1 -/1 Question 3 of 5 $ e Textbook and Media a List of Accounts Calculate the gross profit rate and the prontmargin. (Round answers to 1 decimal places. 15.2%) Question 3 of 5 -/1 List of Accounts Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, eg. 15.2%) Gross profit rate % 96 Profit margin Q e Textbook and Media Qu Acco List of Accounts Attempts:0 of 3 used Sutt Answer Save for later O View Policies Current Attempt in Progress Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). $ 114 1,008 46 Salaries and wages expenses Depreciation expense Sales revenue Interest expense Advertising expense Sales returns and allowances $460 90 9,230 161 499 230 Research and development expense Income tax expense Loss on disposal of plant assets Cost of goods sold Rent expense Utilities expense 4,500 105 60 Assume a tax rate of 34%. Prepare a multiple-step income statement. (Round answers to decimal places, e.g. 15,222.)