Business, 13.08.2020 02:01, HelloDarknessMyOldFr

Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2010 2009
Retained earnings $14,329 $13,157
During 2010, Colgate-Palmolive reported net income of $2,200 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 2010?
b. This dividend amount constituted what percent of its net income? (Round your answer to one decimal place.)

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Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 201...