Suppose in its income stat The Corox Company reportad the foloving condensed data (dollars in millions). Salaries and wagesepensas $460 Rasearch and development epense $114 Depreciation erpensa 90 Income tax epanse 276 Sales revenua 5,730 Lass on disposal of plant assets 46 Interest erpense 161 Cost of goods sold 3.104 Advertising epense 499 Rent erpense 105 Sales returns and allovances 280 Uslities erpense 60 Assume a taxrate of 34%. Your answer is partially correct Prepare a muitiplestep income statemant. (Round answers to O decimal places,es 15222) The Clorox Company Income Statement For the Month Ended June 20. 2022 (amounts in millions) anue 6230 Salea Raturna and Alloanc 230 6000 ds Sold 3000 3000 Expenses aWages Expense Son Expense Expene 499I and Development Expense 114 105 I nse xpense rating Expenses 1328 mOperationa 1627 anaes and Losses xpense 161 I sposal of Plant Assets ore income Taxs 1465 Expense 498 /Los 967
Suppose in its income stat The Corox Company reportad the foloving condensed data (dollars in millions). Salaries and wagesepensas $460 Rasearch and development epense $114 Depreciation erpensa 90 Income tax epanse 276 Sales revenua 5,730 Lass on disposal of plant assets 46 Interest erpense 161 Cost of goods sold 3.104 Advertising epense 499 Rent erpense 105 Sales returns and allovances 280 Uslities erpense 60 Assume a taxrate of 34%. Your answer is partially correct Prepare a muitiplestep income statemant. (Round answers to O decimal places,es 15222) The Clorox Company Income Statement For the Month Ended June 20. 2022 (amounts in millions) anue 6230 Salea Raturna and Alloanc 230 6000 ds Sold 3000 3000 Expenses aWages Expense Son Expense Expene 499I and Development Expense 114 105 I nse xpense rating Expenses 1328 mOperationa 1627 anaes and Losses xpense 161 I sposal of Plant Assets ore income Taxs 1465 Expense 498 /Los 967
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 32BEB
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Also please include gross profit rate and profit margin for second income statement thank you
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