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What were the total dividends paid for 2021? Group of answer choices a. $250 million b. $455 million c. $937 million d. $615 million e.
What were the total dividends paid for 2021?
Group of answer choices
a. $250 million
b. $455 million
c. $937 million
d. $615 million
e. $972 million
Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 9,500 Cost of goods sold 7,540 Depreciation 320 Earnings before interest and taxes $ 1,640 Interest paid 93 Taxable income $ 1,547 Taxes 325 Net income $ 1,222 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 270 $ 285 Accounts payable $ 1,470 $ 1,625 Accounts received 1,080 980 Long-term debt 1,160 1,430 Inventory 1,680 1,670 Common stock 3,340 3,040 Total $ 3,030 $ 2,935 Retained earnings 490 740 Net fixed assets 3,430 3,900 Total assets $ 6,460 $ 6,835 Total liabilities & equity $ 6,460 $ 6,835
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