05 Feb Revenues and expenses for PepsiCo during 2008 were
Revenues and expenses for PepsiCo during 2008 were $43.3 billion and $38.2 billion, respectively. The December 31, 2007 and 2008 balances in retained earnings were $28.2 billion and $30.6 billion, respectively. Compute dividends paid by PepsiCo during 2008. What percentage of net income did PepsiCo pay out in dividends during 2008?