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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)Net sales$9,800Cost of goods sold7,600Depreciation335Earnings before interest and taxes$1,865Interest paid99Taxable

Use the following information to answer this question.

Windswept, Inc.

2017 Income Statement

($ in millions)Net sales$9,800Cost of goods sold7,600Depreciation335Earnings before interest and taxes$1,865Interest paid99Taxable income$1,766Taxes530Net income$1,236

Windswept, Inc.

2016 and 2017 Balance Sheets

($ in millions)2016201720162017Cash$300$315Accounts payable$1,760$1,575Accounts rec.970870Long-term debt1,0001,460Inventory1,7401,700Common stock3,2203,070Total$3,010$2,885Retained earnings520770Net fixed assets3,4903,990Total assets$6,500$6,875Total liab. & equity$6,500$6,875

What were the total dividends paid for 2017?

Multiple Choice

  • $921 million
  • $645 million
  • $250 million
  • $986 million
  • $455 million

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