Question
OCandy Corporation suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the companys 2020
OCandy Corporation suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the companys 2020 and 2019 comparative income statements and statement of financial position. The market price of OCandy's common shares was $41.12 and $38.20 on June 30, 2020, and June 30, 2019, respectively. OCandy declared dividends per common share of $0.476 and $0.412 for 2020 and 2019, respectively.
OCandy CORPORATION
Years Ended June 30, 2020, and 2019 (in thousands)
Comparative Income Statement 2020 2019
Total revenues $2,276,557 $1,828,767
Total cost of revenues 766,850 569,174
Total operating expenses 1,169,419 874,972
Net income $1,009,546 $300,221
Statement of Financial Position 2020 2019
Total assets $7,490,691 $5,175,412
Total liabilities 3,960,177 3,762,299
Common share capital 1,436,263 821,380
Total shareholders equity $3,530,514 $1,413,113
Weighted average number of commons shares outstanding 2020: 253,195 2019:242,375
Calculate the return on shareholders equity for OCloud in 2020. Note that OClouds 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, e.g. 15.2%.)
Calculate earnings per share for the years 2020 and 2019. (Round answers to 2 decimal places, e.g. 15.27.)
Calculate the dividend payout ratio and the dividend yield for 2020 and 2019. (Round answers to 1 decimal place, e.g. 15.2%.)
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