Assume Colgate-Palmolive reports the following dollar balances in its retained earnings account. ($ millions) 2015 2014Retained earnings $18,528 $18,388
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?
b. What percent of its net income did Colgate-Palmolive pay out as dividends in 2015? Round to the nearest whole percentage.
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