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  1. business
  2. accounting
  3. suppose in its income statement for the year ended

Suppose in its income statement for the year ended June 30,2025, The Clorox Company reported...

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Accounting

Suppose in its income statement for the year ended June 30,2025, The Clorox Company reported the following condensed data
(dollars in millions).
Assume a tax rate of 34%.Prepare a multiple-step income statement. (Round answers to 0 decimal places, eg.15,222.)(b)
Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, e.g.15.2%.)
Gross profit rate
%
Profit margin
%
eTextbook and Media
List of Accounts
Attempts: 0 of 15 used(c2)
Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, e.g.15.2%.)
Gross profit rate
%
Profit margin
%
eTextbook and Media
List of Accounts

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