Applying Financial Statement Relations to Compute Dividends Colgate-Palmolive reports the following dollar balances in its retained earnings
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Applying Financial Statement Relations to Compute Dividends Colgate-Palmolive reports the following dollar balances in its retained earnings account.
$ millions 2015 2014 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . $18,861 $18,832 During 2015, Colgate-Palmolive reported net income of $1,384 million.
Required
a. What amount of dividends, if any, did Colgate-Palmolive pay to its stockholders in 2015?
b. What percent of its net income did Colgate-Palmolive pay out as dividends in 2015?
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Related Book For 
Financial Statement Analysis And Valuation
ISBN: 9781618532336
5th Edition
Authors: Peter D. Easton, Mary Lea McAnally, Gregory A. Sommers
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