Net sales
winaswept, inc.
2017 Income Statement
($ in millions)
Cost of goods sold
Depreciation
Earnings before interest and taxes
Interest paid
Taxable income
Taxes
Net income
$10,800
8,100
385
$ 2,315
106
$ 2,209
663
$ 1,546
Cash
Accounts rec.
Inventory
Total
Net fixed assets
Total assets
Windswept, Inc.
2016 and 2017 Balance Sheets
2016
($ in millions)
2017
$ 400 $ 425
1,170 1,070
1,940 1,800
Accounts payable
Long-term debt
Common stock
$3,510 $3,295 Retained earnings
3,690 4,290
$7,200 $7,585 Total liab. equity
What were the total dividends paid for 2017?
2016 2017
$2,000 $1,925
1,100 1,560
3,420
680
3,170
930
$7,200 $7,585