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%
Homework Answers
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Applying Financial Statement Relations to Compute
Dividends
Assume Colgate-Palmolive reports the following dollar balances in
its...
Retained earnings 2015: $19,638 2014: $19,165 During 2015, Colgate-Palmolive reported net income of $2,239 million. a....
Retained earnings 2015: $19,638 2014: $19,165 During 2015, Colgate-Palmolive reported net income of $2,239 million. a. What amount of dividends, if any, did Colgate-Palmolive pay to its stockholders in 2015?
Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2013 2012 Retained earnings...
Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2013 2012 Retained earnings $14,329 $13,157 During 2013, Colgate-Palmolive reported net income of $2,211 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 2013? $Answer million b. This dividend amount constituted what percent of its net income? (Round your answer to one decimal place.) Answer%
LO3, 6 Colgate-Palmolive (CL) E10-37. Analyzing and Interpreting Income Tax Disclosures Colgate-Palmolive reports t...
LO3, 6 Colgate-Palmolive (CL) E10-37. Analyzing and Interpreting Income Tax Disclosures Colgate-Palmolive reports the following income tax footnote disclosure in its 10-K report (266) Deferred Tax Balances at December 31 ($ millions) 2015 2014 Deferred tax liabilities Goodwill and intangible assets.... $ (458) $ (497) Property, plant and equipment .. (380) (380) Other ... (150) (988) (1143) Deferred tax assets Pension and other retiree benefits ... 541638 Tax loss and tax credit carryforwards. 30 33 Accrued liabilities...... 235 276 Stock-based...
Computing and Interpreting Financial Statement Ratios Following are selected ratios of Colgate-Palmolive for 2015 and 2014....
Computing and Interpreting Financial Statement Ratios Following are selected ratios of Colgate-Palmolive for 2015 and 2014. Return on Assets(ROA) Component 2015 2014 Profitability (Net income/Sales) 8.50% 12.50% Productivity (Sales/Average assets) 1.42 1.29 a. Was the company profitable in 2015? What evidence do you have of this? No, Colgate-Palmolive was not profitable as evidenced by its decrease in its net profit margin. Yes, Colgate-Palmolive was profitable as evidenced by its positive net profit margin. Mark 1.00 out of 1.00 b. Is...
Each section has the same options Calculating Gross Profit and Preparing an Income Statement In 2013,...
Each section has the same options
Calculating Gross Profit and Preparing an Income Statement In 2013, Colgate-Palmolive Company reported sales revenue of $17,420 million and cost of goods sold of $7,219 million. Its net income was $2,410 million. Galculate gross profit and prepare an income statement using the format illustrated in Exhibit 1.8 Do not use negative signs with any of your answers. Colgate-Palmolive Company Income Statement For the year ended December 31, 2013 S millions) 0 Gross Profit Net...
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1. Answer the following questions. (Hint: Apply the accounting equation.) a. Prada, an Italian luxury fashion house, had assets equal to €3,888 million and liabilities equal to €1,187 million for January 31, 2014. What was the total equity for Prada’s business at year-end? b. Rogers Communications Inc. is a Canadian communications and media company. At the beginning of 2013, the company’s assets were $19,618 million and its equity was $3,768 million. During the year, assets increased $3,983 million and liabilities...
In its most recent financial statements, Del-Castillo Inc. reported $60 million of net income and $910...
In its most recent financial statements, Del-Castillo Inc. reported $60 million of net income and $910 million of retained earnings. The previous retained earnings were $896 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.
In its most recent financial statements, Del-Castillo Inc. reported $75 million of net income and $880...
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In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $970...
In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $970 million of retained earnings. The previous retained earnings were $957 million. How much in dividends did the firm pay to shareholders during the year?
In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $850...
In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $850 million of retained earnings. The previous retained earnings were $828 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
LO3, 6 Colgate-Palmolive (CL) E10-37. Analyzing and Interpreting Income Tax Disclosures Colgate-Palmolive reports the following income tax footnote disclosure in its 10-K report (266) Deferred Tax Balances at December 31 ($ millions) 2015 2014 Deferred tax liabilities Goodwill and intangible assets.... $ (458) $ (497) Property, plant and equipment .. (380) (380) Other ... (150) (988) (1143) Deferred tax assets Pension and other retiree benefits ... 541638 Tax loss and tax credit carryforwards. 30 33 Accrued liabilities...... 235 276 Stock-based...
Each section has the same options
Calculating Gross Profit and Preparing an Income Statement In 2013, Colgate-Palmolive Company reported sales revenue of $17,420 million and cost of goods sold of $7,219 million. Its net income was $2,410 million. Galculate gross profit and prepare an income statement using the format illustrated in Exhibit 1.8 Do not use negative signs with any of your answers. Colgate-Palmolive Company Income Statement For the year ended December 31, 2013 S millions) 0 Gross Profit Net...
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