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OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 2020 Total revenues $2,274,366 Total cost of revenues 765,205 Total operating
OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 2020 Total revenues $2,274,366 Total cost of revenues 765,205 Total operating expenses 1.169.270 Net income $1,012,512 Statement of Financial Position 2020 Total assets $7.420,353 Total liabilities 3,968,278 Common share capital 1,453,655 Total shareholders' equity $3,452.075 Weighted average number of commons shares outstanding 256.415 2019 $1.842,455 568,868 888,591 $300,863 2019 $5.111.442 3.808,382 820,031 $1,303,060 244,095 X Your answer is incorrect. 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, eg. 15.2%) Return on shareholder's equity 16.5 96
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