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What amount of dividends did Rocky Beach pay

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Reference no: EM132761817

Question - Rocky Beach reports the following dollar balances in its retained earnings account.

($ millions)

2017

2016

Retained earnings

8,968.1

8,223.9

During 2017, Rocky Beach reported net income of $1,351.4 million. What amount of dividends, if any, did Rocky Beach pay to its shareholders in 2017?

a. $607.2 million

b. No dividends paid

c. $301.2 million

d. $744.2 million

Reference no: EM132761817

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