Applying Financial Statement Relations to Compute Dividends
Colgate-Palmolive reports the following dollar balances in its retained earnings account.
($ millions)20152014Retained earnings$18,861$18,832
During 2015, Colgate-Palmolive reported net income of $1,384 million.
a. What amount of dividends, if any, did Colgate-Palmolive pay to its stockholders in 2015?
$Answer
0.00 points out of 1.00
million
b. What percent of its net income did Colgate-Palmolive pay out as dividends in 2015?
Round to the nearest whole percentage.
Answer
0.00 points out of 1.00
%
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