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

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. OCloud 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 2019 Total revenues $2,291,152 $1,816,618 Total cost of revenues 766,495 577,124 Total operating expenses 1,168,004 882,253 Net income $1,033,957 $273,786 Statement of Financial Position 2020 2019 Total assets $7,518,696 $5,154,925 Total liabilities 3,947,971 3,749,212 Common share capital 1,440,190 824,967 Total shareholders' equity $3,570,725 $1,405,713 Weighted average number of commons shares outstanding 253,454 241,218 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 comparat period was 19.8%. (Round answer to 1 decimal place, e.g. 15.2%) Return on shareholder's equity 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 $ per share $ per share Calculate the dividend payout ratio and the dividend yield for 2020 and 2019. (Round answers to 1 decimal place, e.g. 15.2%.) 2020 2019 Dividend payout ratio Dividend yield

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

The Quality Audit A Management Evaluation Tool

Authors: Charles A. Mills

1st Edition

0070424284, 978-0070424289

More Books

Students also viewed these Accounting questions

Question

What is job enlargement ?

Answered: 1 week ago

Question

what is the most common cause of preterm birth in twin pregnancies?

Answered: 1 week ago

Question

Which diagnostic test is most commonly used to confirm PROM?

Answered: 1 week ago

Question

What is the hallmark clinical feature of a molar pregnancy?

Answered: 1 week ago

Question

What advice would you provide to Jennifer?

Answered: 1 week ago

Question

What are the issues of concern for each of the affected parties?

Answered: 1 week ago