Answer:
Windswept, Inc.
The total dividends paid for 2017 is:
= $556.
Explanation:
a) Data and Calculations:
Windswept, Inc.
Income Statement for the year ended December 31, 2017:
Net Sales                                           $9,740
Cost of goods sold                              7,910
Depreciation                                          480
Earnings before interest and taxes $1,350
Interest paid                                            110
Taxable income                                $1,240
Taxes                                                     434
Net income                                         $806
Windswept, Inc.
2016 and 2017  Balance Sheets ($ in millions)
                                2016        2017                                     2016       2017
Cash                      $260       $290  Accounts payable    $1,490   $1,460
Accounts rec.        1,060         960  Long-term debt           1,130     1,330
Inventory               1,900       1,740  Common stock          3,400    3,340
Total                   $3,220   $2,990  Retained earnings        670       920
Net fixed assets   3,470     4,060
Total assets      $6,690    $7,050  Total liab. & equity  $6,690  $7,050
The total dividends paid for 2017:
Retained earnings, Dec. 31, 2016        $670
Net income for the year, 2017               806
Less Retained earnings, Dec. 31, 2017 920
Dividends paid                                     $556