Question: Applying Financial Statement Relations to Compute Dividends Colgate-Palmolive reports the following dollar balances in its retained earnings account. $ millions 2015 2014 Retained earnings .

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

$ millions 2015 2014 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . $18,861 $18,832 During 2015, Colgate-Palmolive reported net income of $1,384 million.
Required

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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