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Dividend policy of a company can tell you a lot about what the management thinks of the current situation and what it sees upcoming in the future. Many companies use debt to finance operations. By using leverage, a company can invest in its operations without increasing its equity.

In this section of your course project, describe the sources of financing available for your company (Kohl's Corporation). What does it tell you? Do agree or disagree that your company makes use of the best possible source of financing? Why? Explain your reasoning backed up with data or calculations.

Your submission should be at least one page of written analysis and additional page(s) for the data and calculations.

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