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During Fiscal Year-End 2016, Kohl's Corporation Reports the Following (In

Question 49

Multiple Choice

During fiscal year-end 2016, Kohl's Corporation reports the following (in $ millions) : net income of $556, retained earnings at the end of the year of $12,522 and retained earnings at the beginning of the year of $12,329. Assume that there were no other retained earnings transactions during fiscal 2016.
What dividends did the firm pay in fiscal year ended January 28, 2017?


A) $ 683 million
B) $ 1,669 million
C) $ 363 million
D) $-0-
E) There is not enough information to calculate the amount.

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