Procter & Gamble is the largest manufacturer of consumer household products in the United States. The selected entries at the top of the following page were disclosed on the statement of stockholders' equity for a recent year:
Accumulated
Additional Other
Common Preferred Paid-In Comprehensive Retained
(in 000,000s) Stock Stock Capital Income Earnings Total
Net earnings $ 6,481 $ 6,481
Dividends to:
Common shareholders (2,408) (2,408)
Preferred shareholders (131) (131)
Treasury purchases $(80) $ 33 (4,023) (4,070)
Common stock issuances
(option plan) 23 711 734
Other comprehensive income $461 461
a. For all items except net earnings and other comprehensive income, identify the disclosure location, amount, and direction (inflow or outflow) on the statement of cash flows.
b. Determine the dividend payout ratio. Round percentage to one decimal place.
c. Determine the comprehensive income (loss).