(Answered) Question - applying financial statement relations to

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Question - 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?

b. What percent of its net income did Colgate-Palmolive pay out as dividends in 2015?

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