Q4. (Shareholders' Equity) Cloud 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 Cloud's common shares was $40.93 on June 30, 2020 and was $38.20 on June 30, 2019. oCloud declared dividends per common share of $0.477 for 2020 and $0.415 for 2019 OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement Total sales Total cost of sales Total operating expenses Net income 2020 $2,291,057 762,391 1,175,734 $1,025,659 2019 $1,824,228 574,000 881,665 $244 477 Statement of Financial Position Total assets Total liabilities Common share capital Total shareholders' equity $7,480,562 3,947,243 1,439,850 $3,533,319 $5,154,144 3,774,947 817,788 $1,978,656 Weighted average number of 253,879 242,926 commons shares outstanding Required: a Calculate the return on shareholders' equity for OCloud in 2020. Note that Cloud'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%. What information does your calculation provide an investor? b. Calculate earnings per share and the price/earnings ratio for the years 2020 and 2019. What does your calculation indicate about oCloud's earnings? c. Calculate the dividend payout ratio and the dividend yield for 2020 and 2019. What do the results of these ratios tell us about Cloud