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Applying Financial Statement Relations to Compute Dividends Assume Colgate-Palmolive reports the following dollar balances in its...

Applying Financial Statement Relations to Compute Dividends
Assume Colgate-Palmolive reports the following dollar balances in its retained earnings account.

($ millions) 2015 2014
Retained earnings $19,638 $19,165


During 2015, Colgate-Palmolive reported net income of $2,239 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.
Answer%

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