8. During 2016, Skechers U.S.A., Inc. had Sales of $3,563.3 million, Gross profit of $1,634.6 million and Selling, general, and administrative expenses of $1,278.0 million What was Skechers' Cost of sales for 2016? A) $1,115.7 million B) $1,928.7 million C) $ 88.1 million D) $1,549.5 milliorn E) There is not enough information to calculate the amount. 9. Sales on account would produce what effect on the balance sheet? A) Increase the Revenue account B) Increase noncash assets (Accounts receivable) C) Increase cash assets D) A and EB E) A, B and C 10. During fiscal 2016, Stanley Black & Decker Corporation reported Net income of $965.3 million and paid dividends of $330.9 million Which of the following describes how these transactions would affect Stanley Black and Decker's equity accounts? (in millions) A) Increase contributed capital by $965.3 and decrease earned capital by $330.9 B) Decrease contributed capital by $330.9 and increase earned capital by $965.3 C) Increase contributed capital by $634.4 D) Increase earned capital by $634.4 E) None of the above