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6- (20 marks) Aussel Motors, Inc. 2018 statement of comprehensive income ($ in millions) Net sales $6,080 Less: Cost of goods sold 3,890 Less: Depreciation

6- (20 marks)

Aussel Motors, Inc. 2018 statement of comprehensive income ($ in millions)

Net sales

$6,080

Less: Cost of goods sold

3,890

Less: Depreciation

860

Earnings before interest and taxes

1,330

Less: Interest paid

270

Earnings before taxes

1,060

Less: Taxes

360

Net Income

700

Aussel Motors, Inc. 2017 and 2018 statement of financial position ($ in millions)

2017

2018

2017

2018

Cash

415

560

Accounts payable

540

610

Accounts receivable

860

840

Current portion of LTD

0

50

Inventory

1,270

1,390

Total

540

660

Total

2,545

2,790

Long-term debt

2165

3480

Net fixed assets

3,180

4,660

Common stock

2000

2250

Retained earnings

1020

1060

Total assets

5,725

7,450

Total liab. & equity

5725

7450

What is the amount of dividends paid in 2018 ($ in millions)? A. $40 B. $370 C. $410 D. $660 E. $700

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