Question: 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
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?
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