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

%