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Use the following information to answer this question Katza, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before

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Use the following information to answer this question Katza, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,200 7,800 355 $ 2,045 94 $ 1,951 585 $ 1,366 Cash Accounts rec. Inventory Total Net fixed assets Total assets Katza, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 340 $ 360 Accounts payable 1,050 950 Long-term debt 1,820 1,740 Common stock $3,210 $3,050 Retained earnings 3,570 4,110 $6,780 $7,160 Total liab. & equity 2016 2017 $1,820 $1,680 1,040 1,500 3,300 3, 110 620 870 $6,780 $7,160 What were the total dividends paid for 2017? 10, What were the total dividends paid for 2017? Multiple Choice $510 million $1,116 million $250 million $745 million $1,006 million

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