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Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 9,400 Cost of goods sold 7,490
Use the following information to answer this question:
Windswept, Incorporated | |
2021 Income Statement | |
($ in millions) | |
Net sales | $ 9,400 |
---|---|
Cost of goods sold | 7,490 |
Depreciation | 315 |
Earnings before interest and taxes | $ 1,595 |
Interest paid | 91 |
Taxable income | $ 1,504 |
Taxes | 316 |
Net income | $ 1,188 |
Windswept, Incorporated | |||||
2020 and 2021 Balance Sheets | |||||
($ in millions) | |||||
2020 | 2021 | 2020 | 2021 | ||
---|---|---|---|---|---|
Cash | $ 260 | $ 275 | Accounts payable | $ 1,440 | $ 1,585 |
Accounts received | 1,060 | 960 | Long-term debt | 1,150 | 1,420 |
Inventory | 1,660 | 1,660 | Common stock | 3,320 | 3,030 |
Total | $ 2,980 | $ 2,895 | Retained earnings | 480 | 730 |
Net fixed assets | 3,410 | 3,870 | |||
Total assets | $ 6,390 | $ 6,765 | Total liabilities & equity | $ 6,390 | $ 6,765 |
What were the total dividends paid for 2021?
Multiple Choice
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$250 million
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$455 million
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$605 million
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$938 million
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$913 million
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