Question
Applying Financial Statement Relations to Compute Dividends Assume Colgate-Palmolive reports the following dollar balances in its retained earnings account. ($ millions) Retained earnings 2015 $19,416
Applying Financial Statement Relations to Compute Dividends Assume Colgate-Palmolive reports the following dollar balances in its retained earnings account. ($ millions) Retained earnings 2015 $19,416 ; 2014$19,504 During 2015, Colgate-Palmolive reported net income of $2,050 million.
a. What amount of dividends, if any, did Colgate-Palmolive pay to its stockholders in 2015?
Answer 2,138 million
b. What percent of its net income did Colgate-Palmolive pay out as dividends in 2015? Round to the nearest whole percentage.
Answer ? ??????????( answer is not 100%)
Please help
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
10th Edition
B010IKDQZM
