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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,600 Cost of goods sold 7,500
Use the following information to answer this question.
Windswept, Inc. 2017 Income Statement ($ in millions) | |||
Net sales | $ | 9,600 | |
Cost of goods sold | 7,500 | ||
Depreciation | 325 | ||
Earnings before interest and taxes | $ | 1,775 | |
Interest paid | 95 | ||
Taxable income | $ | 1,680 | |
Taxes | 504 | ||
Net income | $ | 1,176 | |
Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) | |||||||||||||
2016 | 2017 | 2016 | 2017 | ||||||||||
Cash | $ | 280 | $ | 295 | Accounts payable | $ | 1,500 | $ | 1,665 | ||||
Accounts rec. | 1,100 | 1,000 | Long-term debt | 1,170 | 1,440 | ||||||||
Inventory | 1,700 | 1,680 | Common stock | 3,360 | 3,050 | ||||||||
Total | $ | 3,080 | $ | 2,975 | Retained earnings | 500 | 750 | ||||||
Net fixed assets | 3,450 | 3,930 | |||||||||||
Total assets | $ | 6,530 | $ | 6,905 | Total liab. & equity | $ | 6,530 | $ | 6,905 | ||||
What were the total dividends paid for 2017?
$926 million
$250 million
$455 million
$625 million
$881 million
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