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Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) Year 2 Year 1 Retained earnings $14,329 $13,157 During Year 2, Colgate-Palmolive reported
Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) Year 2 Year 1 Retained earnings $14,329 $13,157 During Year 2, Colgate-Palmolive reported net income of $2,203 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 Year 2?
$Answer 0 million b. This dividend amount constituted what percent of its net income? (Round your answer to one decimal place.) Answer 0 %
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