Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

image text in transcribed

image text in transcribed

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 OCloud's common shares was $41.29 and $38.30 on June 30, 2020, and June 30, 2019, respectively. O Cloud declared dividends per common share of $0.477 and $0.417 for 2020 and 2019, respectively. OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 2020 Total revenues $2,291,152 Total cost of revenues 766.495 Total operating expenses 1,168,004 Net income $1,033,957 Statement of Financial Position 2020 Total assets $7.518,696 Total liabilities 3.947.971 Common share capital 1,440.190 Total shareholders' equity $3.570.725 Weighted average number of commons shares outstanding 253,454 2019 $1,816,618 577.124 882,253 $273.786 2019 $5,154.925 3,749.212 824,967 $1.405.713 241,218 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 % eTextbook and Media Calculate earnings per share for the years 2020 and 2019. (Round answers to 2 decimal places, eg. 15.27.) 2020 2019 S per share per share Earnings per share Calculate the dividend payout ratio and the dividend yield for 2020 and 2019. (Round answers to 1 decimal place, eg. 15.2%.) 2020 2019 96 Dividend payout ratio 96 Dividend yield e Textbook and Media

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

What lessons in intervention design, does this case represent?

Answered: 1 week ago