Use the information below to answer this question.

Windswept, Inc. 2017 Income Statement (in millions)
net sales	$	10.000
cost of goods sold		7.700
Depreciation		345
Earnings excluding interest and taxes	$	1.955
interest payment		90
taxable income	$	1.865
taxes		560
Net income	$	1.305

Windswept, Inc. 2016 and 2017 Balance Sheets (in millions of dollars)
		2016			2017				2016			2017
in advance	$	320		$	335		Accounts payable	$	1.760		$	1.595
Accounts		1.010			910		long-term debt		1.020			1.480
Inventory		1.780			1.720		stock		3.260			3.090
Total	$	3.110		$	2.965		Retained earnings		600			850
net fixed assets		3.530			4.050
Total assets	$	6.640		$	7.015		Total debt. & Equality	$	6.640		$	7.015

What was the total dividend payment in 2017?

Answer rating: 100% (QA)

The income statement does not provide information about the dividend payment T... View the full answer