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Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,400 Cost of goods sold 7,900 Depreciation 365 Earnings before interest and taxes $
Windswept, Inc. 2017 Income Statement ($ in millions) | |||
Net sales | $ | 10,400 | |
Cost of goods sold | 7,900 | ||
Depreciation | 365 | ||
Earnings before interest and taxes | $ | 2,135 | |
Interest paid | 98 | ||
Taxable income | $ | 2,037 | |
Taxes | 611 | ||
Net income | $ | 1,426 | |
Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) | |||||||||||||
2016 | 2017 | 2016 | 2017 | ||||||||||
Cash | $ | 360 | $ | 380 | Accounts payable | $ | 1,880 | $ | 1,760 | ||||
Accounts rec. | 1,090 | 990 | Long-term debt | 1,060 | 1,520 | ||||||||
Inventory | 1,860 | 1,760 | Common stock | 3,340 | 3,130 | ||||||||
Total | $ | 3,310 | $ | 3,130 | Retained earnings | 640 | 890 | ||||||
Net fixed assets | 3,610 | 4,170 | |||||||||||
Total assets | $ | 6,920 | $ | 7,300 | Total liab. & equity | $ | 6,920 | $ | 7,300 | ||||
What were the total dividends paid for 2017?
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