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Colgate - Palmolive Company reports the following balances in its retained earnings. During 2 0 1 9 , Colgate - Palmolive reported net income of
ColgatePalmolive Company reports the following balances in its retained earnings.
During ColgatePalmolive reported net income of $ million.
a Assume that the only changes affecting retained earnings were net income and dividends. What amount of dividends did ColgatePalmolive pay to its shareholders in
$
million
b This dividend amount constituted what percent of its net income? Round your answer to one decimal place. Calculating Gross Profit and Preparing an Income Statement
In ColgatePalmolive Company reported sales revenue of $ million and cost of goods sold of $ million. Its net income was $ million. Calculate gross profit and prepare an income statement
using the format illustrated in Exhibit found in Chapter of the textbook on page
Do not use negative signs with any of your answers.
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