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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
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 $41.15 and $38.10 on June 30, 2020, and June 30, 2019, respectively. OCloud declared dividends per common share of $0.480 and $0.417 for 2020 and 2019, respectively. OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 2020 2019 Total revenues $2.275,722 $1.815.963 Total cost of revenues 756.148 571,827 Total operating expenses 1.183.871 877,456 Net income $258,357 $283.193 1,027 Total operating expenses 1,183,871 877,456 Net income* $258,357 $283,193 Statement of Financial Position 2020 2019 Total assets $7,451,737 $5,142,600 Total liabilities 3,964,600 3,762,154 Common share capital 1,446,988 822,180 Total shareholders' equity $3,487,137 $1,380,446 Weighted average number of commons shares outstanding 254,711 243,712 *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, e.g. 15.2%.) % Return on shareholder's equity e Textbook and Media Calculate earnings per share for the years 2020 and 2019. (Round answers to 2 decimal places, e.g. 15.27.) 2020 2019 Earnings per share 1.01 per share $ 1.16 per share e Textbook and Media Calculate the dividend payout ratio and the dividend yield for 2020 and 2019. (Round answers to 1 decimal place, eg. 15.2%.) 2020 2019 Dividend payout ratio 47.32 % 35.88 % Dividend yield 1.16 1.09 % So e Textbook and Media
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