1 kohlrsquos earned 720 million last year and paid out 25, Ask an Expert

Finance

1. Kohl’s earned $720 million last year and paid out 25 percent of earnings in dividends.

a. By how much did the company’s retained earnings increase?

b. With 100 million shares outstanding and a stock price of $90, what was the dividend yield?

2. Joey realizes that he has charged too much on his credit card and has racked up $4,300 in debt. If he can pay $125 each month and the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93056125

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