Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

O oud 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

image text in transcribed
image text in transcribed
O oud 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 comparativ income statements and statement of financial position. The market price of Cloud's common shares was $40.31 and $38.40 on June 30, 2020, and June 30, 2019, respectively. Cloud declared dividends per common share of $0.475 and 0.412 for 2020 and 2019, respectively OCLOUD CORPORATION Years Ende June 30, 2020, and 2019 (in thousands) Comparative Income Statement 2020 Total revenues $2,304,078 Total cost of revenues 767,274 Total operating expenses 1,194,474 Net income $1.041.441 Statement of Financial Position 2020 Total assets 57,524,966 Total Babies 3.983,003 Common share capital Total sharebolders' equity 53,541.963 Weighted average number of common shares outstanding 255,860 2019 $1,813,700 575,590 389,887 $264,555 2019 $5,142,579 3,768,591 819151 1.373,988 241.556 pen Assignment W E INSTECTO FULL SCREEN PRINTER E N BET ESOURCES line Final Calculate the return on shareholders' equity for Cloud in 2020. Note that Cloud's articles of incorporation author Stock Exchange in a comparable period was 19.8% (Round answer to I decimal place, .. 15.29.) only common shares. The average return for the shares listed on the Toronto Return on shareholder's equity Calculate earnings per share for the years 2020 and 2019. (Round answers to 2 decimal places,.. 15.27.) 2020 2019 Earnings per share per share Der share Calculate the dividend payout rate and the dividend yield for 2020 and 2019. (Round answers to decimal place, g 15.29.) BEBELUUU Dividend payout ratio Dividend yield Question Attempts of 1 used

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

Audit Effectiveness Meeting The IT Challenge

Authors: Kamil Omoteso

1st Edition

1409434680, 978-1409434689

More Books

Students also viewed these Accounting questions

Question

define what is meant by the term human resource management

Answered: 1 week ago