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Category > Business & Finance Posted 25 May 2017 My Price 12.00

Use the following information to answer this question

Use the following information to answer this question.
Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales $ 10,200
Less: Cost of goods sold 7,800
Less: Depreciation

355
Earnings before interest and taxes $ 2,045
Less: Interest paid

94
Taxable Income $ 1,951
Less: Taxes

585
Net income

$ 1,366
Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
 

2009

2010

  

2009

2010
Cash $ 340 $ 360 Accounts payable $ 1,820 $ 1,680
Accounts rec. 1,050 950 Long-term debt 1,040 1,500
Inventory
Use the following information to answer this question.
Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales $ 10,200
Less: Cost of goods sold 7,800
Less: Depreciation

355
Earnings before interest and taxes $ 2,045
Less: Interest paid

94
Taxable Income $ 1,951
Less: Taxes

585
Net income

$ 1,366
Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
 

2009

2010

  

2009

2010
Cash $ 340 $ 360 Accounts payable $ 1,820 $ 1,680
Accounts rec. 1,050 950 Long-term debt 1,040 1,500
Inventory

1,820

1,740

 Common stock $ 3,300 $ 3,110
Total $ 3,210 $ 3,050 Retained earnings

620

870
Net fixed assets

3,570

4,110

      
Total assets

$ 6,780

$ 7,160

 Total liab. & equity

$ 6,780

$ 7,160
What amount should be included in the financing section of the 2010 statement of cash flows for dividends paid?

1,820

1,740

 Common stock $ 3,300 $ 3,110
Total $ 3,210 $ 3,050 Retained earnings

620

870
Net fixed assets

3,570

4,110

      
Total assets

$ 6,780

$ 7,160

 Total liab. & equity

$ 6,780

$ 7,160
What amount should be included in the financing section of the 2010 statement of cash flows for dividends paid?

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Homework Helper
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Status NEW Posted 25 May 2017 08:05 AM My Price 12.00

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