Question
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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