Revenues and expenses for Pepsi Co during 2014 were $66.7 billion and $60.2 billion, respectively. The December

Question:

Revenues and expenses for Pepsi Co during 2014 were $66.7 billion and $60.2 billion, respectively. The December 31, 2013 and 2014 balances in retained earnings were $46.4 billion and $49.1 billion, respectively. Compute dividends paid by PepsiCo during 2014. What percentage of net income did Pepsi Co pay out in dividends during 2014?

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