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Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2010 2009 Retained earnings...

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?

$__________ million

b. This dividend amount constituted what percent of its net income? (Round your answer to one decimal place.)

_________%

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