Question
Assume Colgate-Palmolive reports the following dollar balances in its retained earnings account. ($ millions) 2015 2014 Retained earnings $18,528 $18,388 During 2015, Colgate-Palmolive reported net
Assume Colgate-Palmolive reports the following dollar balances in its retained earnings account.
| ($ millions) | 2015 | 2014 |
|---|---|---|
| Retained earnings | $18,528 | $18,388 |
During 2015, Colgate-Palmolive reported net income of $1,162 million. a. What amount of dividends, if any, did Colgate-Palmolive pay to its stockholders in 2015? $Answer million b. What percent of its net income did Colgate-Palmolive pay out as dividends in 2015? Round to the nearest whole percentage.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
9th Edition
0324537190, 9780324537192
