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 $40.66 and $38.00 on June 30, 2020, and June 30, 2019, respectively. OCloud declared dividends per common share of $0.479 and $0.415 for 2020 and 2019, respectively. OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 2020 2019 Total revenues $2,289,389 $1,809,675 Total cost of revenues 764,605 574,250 Total operating expenses Net income Statement of Financial Position Total assets 1,183,608 890,382 $263,891 $261,617 2020 2019 $7.511,577 $5,121,913 Total liabilities 3,944,204 3,768,276 Common share capital 1.449.125 817.349 Total shareholders' equity $3.567.373 $1,353,637 Weighted average number of commons shares outstanding 252.402 242.613 "There are income taxes that do not appear in the list, that would reduce net income. 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 15.2X) Return on shareholder's equity Textbook and Media