please compute what amount of dividends if any did rocky beach pay to its shareholders in 2017 multiple choice

/in /by

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?

$607.2 million

No dividends paid

$301.2 million

$744.2 million
 
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