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Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2010 2009 Retained earnings $14,329 $13,157 During 2010, Colgate-Palmolive reported net income of
Colgate-Palmolive Company reports the following balances in its retained earnings.
($ millions) | 2010 | 2009 |
---|---|---|
Retained earnings | $14,329 | $13,157 |
During 2010, Colgate-Palmolive reported net income of $2,200 million. a. Assume that the only changes affecting retained earnings were net income and dividends. What amount of dividends did Colgate-Palmolive pay to its shareholders in 2010? $__________ million b. This dividend amount constituted what percent of its net income? (Round your answer to one decimal place.) _________%
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