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Rocky Beach reports the following dollar balances in its retained earnings account. ($ millions) 2017 2016 Retained earnings............. 8,968.1 8,223.9 During 2017, Rocky Beach reported

  1. Rocky Beach reports the following dollar balances in its retained earnings account.
  2. ($ millions)2017 2016
  3. Retained earnings............. 8,968.1 8,223.9
  4. During 2017, Rocky Beach reported net income of $1,351.4 million. What amount of dividends, if any, did Rocky Beach pay to its shareholders in 2017?
  5. $607.2 million
  6. No dividends paid
  7. $301.2 million
  8. $744.2 million

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