Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9200 Cost of goods sold 7390 Depreciation 305 Earnings before interest and taxes $ 1505 Interest paid 87 Taxable income $ 1418 Taxes 425 Net income $ 993 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 240 $ 255 Accounts payable $ 1380 $ 1315 Accounts rec. 1020 730 Long-term debt 1130 1400 Inventory 1620 1640 Common stock 3280 3010 Total $ 2880 $ 2625 Retained earnings 460 710 Net fixed assets 3370 3810 Total assets $ 6250 $ 6435 Total liab. & equity $ 6250 $ 6435 What were the total dividends paid for 2017? $585 million $455 million $738 million $250 million $743 million
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...
How is the answer not 283? Div = Net Income - Retained earnings? Windswept, Inc. 2017 Income Statement ($ in millions) 9200 7390 305 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 1505 87 1418 425 993 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Accoun tS payabl Cash S 240 $ 255 $1380 $1315 Long Accoun 1020 730 1130 1400 ts rec....
Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,250 7,550 330 $1,37€ $1,288 386 $ 902 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 200 $ 215 Accounts payable 950 850 Long-term debt 1,620 1,580 Common stock $2,770...
Use the following information to answer this question Windswept, Inc. 2017 Income Statement (ş in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,050 7,950 370 $ 1,730 100 $ 1,630 489 $ 1,141 Windswept, Inc. 2016 and 2017 Balance Sheets (ş in millions) 2017 2016 2017 $1,570 $1,852 1,070 1,258 3,360 3,030 900 2016 Cash Accounts rec. Inventory Total Net fixed assets Total assets $ 280 $...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9, 100 7,500 365 $1,235 95 $1,140 399 $ 741 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 Accounts payable 1, 000 900 Long-term debt Cash Accounts rec. < Prev 39 of 50 ! Next acer Taxes...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $10,020 8,110 500 $ 1,410 118 $ 1,292 452 $ 840 Net income Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 300 $ 330 Accounts payable 1,140 1,040 Long-term debt 2,020 1,800...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,500 8,200 435 $ 1,865 110 $ 1,75!5 614 $ 1,141 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 2016 2017 $1,780 $2,037 1,120,433 3,460 3,080 950 $ 320 $ 350 Accounts payable Cash Accounts rec. Inventory Total Net fixed assets...
Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods Sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $8,600 7,290 400 $ 910 80 $ 830 291 $539 Windswept, Inc. 2016 and 2017 Balance Sheets (ş in millions) 2017 2016 $ 140 $ 175 Accounts payable 2017 $1,150 $1,205 990 1,255 3,190 2,890 700 2016 Cash Accounts rec. Inventory Total Net fixed assets...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $13,550 8,050 505 $ 4,995 104 $ 4,891 1,712 $ 3,179 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 280 $ 310 Accounts payable 1,150 1,050 Long-term debt 2,060 1,765...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,500 Cost of goods sold 8,200 Depreciation 495 Earnings before interest and taxes $ 1,805 Interest paid 110 Taxable income $ 1,695 Taxes 593 Net income $ 1,102 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 330 $ 365 Accounts payable $ 1,760 $ 2,030 Accounts rec. 1,210 1,110 Long-term debt 1,120...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,300 8,100 425 $ 1,775 106 $ 1,669 584 $ 1,085 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 300 $ 330 Accounts payable 1,170 1,070 Long-term debt 1,840 1,800...