CP11-4 (Static) Computing Dividends for an Actual Company LO11-4 A recent annual report for Apple Inc. contained the following information (dollars in millions): 2017 Stockholders' Equity Common stock and additional paid-in capital, $0.00001 par value, 12.6 billion shares authorized, 5.1 billion shares issued and outstanding Retained earnings $35,867 98,330 Required: In 2017, Apple declared and paid dividends equal to $2.40 per share. Approximately how much cash in total did Apple pay to stockholders for dividends in 2017? (Enter your answer in billions rounded to 2 decimal place (e.g. 2,500,000,000 would be entered as 2.50).) NNNNNNNNNNNNNNNNNN Total dividends paid to stockholders billion 1