Question: Applying Financial Statement Relations to Compute Dividends Assume Colgate-Palmolive reports the following dollar balances in its retained earnings account. ($ millions) Retained earnings 2015 $19,416

Applying Financial Statement Relations to Compute Dividends Assume Colgate-Palmolive reports the following dollar balances in its retained earnings account. ($ millions) Retained earnings 2015 $19,416 ; 2014$19,504 During 2015, Colgate-Palmolive reported net income of $2,050 million.

a. What amount of dividends, if any, did Colgate-Palmolive pay to its stockholders in 2015?

Answer 2,138 million

b. What percent of its net income did Colgate-Palmolive pay out as dividends in 2015? Round to the nearest whole percentage.

Answer ? ??????????( answer is not 100%)

Please help

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