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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

  • $250 million

  • $455 million

  • $605 million

  • $938 million

  • $913 million

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