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4) Use the following information to answer this question. I Windswept, Inc. 2017 Income Statement (S in millions) Net sales $ 10,500 Cost of goods
4) Use the following information to answer this question. I Windswept, Inc. 2017 Income Statement (S in millions) Net sales $ 10,500 Cost of goods sold 7,950 Depreciation 370 Earnings before interest and taxes $ 2,180 Interest paid 100 Taxable income $ 12,080 Taxes 624 Net income S 1,456 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 $ 370 1,110 1,880 $ 3,360 3,630 $ 6,990 2017 2016 2017 $ 390 Accounts payable S 1,910 S 1,800 1,010 Long-term debt 1,070 1,530 1,770 Common stock 3,360 3.140 $ 3,170 Retained earnings 650 900 4,200 IS 7.370 Total liab. & equity S 6.990 IS 7.370 What were the total dividends paid for 2017
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