Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

all in one question 3110 Question 2 of 7 -/18 View Policies Current Attempt in Progress OCloud Corporation's suite of software products and services provides

all in one question
image text in transcribed
image text in transcribed
3110 Question 2 of 7 -/18 View Policies Current Attempt in Progress OCloud Corporation's suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the company's 2020 and 2019 comparative Income statements and statement of financial position. The market price of Cloud's common shares was $40.95 and $38 20 on June 30, 2020, and June 30, 2019, respectively. Cloud declared dividends per common share of $0.477 and $0.414 for 2020 and 2019, respectively OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 in thousands) Comparative Income Statement 2020 2019 Total revenues 2,304, 142 51.825,033 Total cost of revenues 762,084 568.688 Total operating expenses 1172 230 886,198 Net income $1.037.586 $286.790 Statement of Financial Position 2020 2019 Total assets $7,435,383 $5,115,098 Total liabilities 3.908.749 3.750,382 Common share capital 1.435,992 809,845 Total shareholders' equity $3.526,634 $1,364.716 Weighted average number of common shares outstanding 251.774 241.439 Calculate the return on shareholders' equity for OCloud in 2020. Note that Cloud's articles of Incorporation authorize only common shares. The average return for the shares listed on the Toronto Stock Exchange in a comparable period was 19.8% (Round answer to 1 decimal place, s. 15.2%) Return on shareholder's equity eTextbook and Media Calculate earnings per share for the years 2020 and 2019. Round answers to 2 decimal places, ex 15.27) 2020 2019 Earnings per share per shave per share 30 atv Question 2 of 7 > -/18 Weighted average number of common shares outstanding 251,774 241,139 Calculate the return on shareholders' equity for OCloud in 2020. Note that oCloud's articles of incorporation authorize only common shares. The average return for the shares listed on the Toronto Stock Exchange in a comparable period was 19.8%. (Round answer to 1 decimal place. es. 15.2%) Return on shareholder's equity % eTextbook and Media Calculate earnings per share for the years 2020 and 2019. Round answers to 2 decimal places, es 15.27) 2020 2019 Earnings per share per share $ per share Textbook and Media Calculate the dividend payout ratio and the dividend yield for 2020 and 2019. (Round answers to 1 decimal place, es 15.28) 2020 2019 Dividend payout ratio Dividend yield e Textbook and Media Sve force Attempts of used 30 sty

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

14th Edition

1337119202, 978-1337119207

Students also viewed these Accounting questions

Question

Why do we forget information?

Answered: 1 week ago