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). Salaries and wages expenses $485 Research and development expense $117 Depreciation expense 98 Income tax expense 299 Sales revenue 6,079 Loss on disposal of plant assets 50 Interest expense 168 Cost of goods sold 3,300 Advertising expense 529 Rent expense 110 Sales returns and allowances 266 Utilities expense 61 (b1) Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, eg. 15.2%) Gross profit rate Profit margin eTextbook and Media List of Accounts % %