Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

View Policies Current Attempt in Progress OCloud Corporation's suite of software products and services provides secure and scalable solutions for global companies. The following is

image text in transcribed
image text in transcribed
image text in transcribed
"View Policies Current Attempt in Progress 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 $38.10 on June 30, 2020, and June 30, 2019, respectively, Cloud declared dividends per common share of $0.476 and $0.412 for 2020 and 2019. respectively. OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 2020 2019 Total revenues $2,277,200 $1,819,423 Total cost of revenues 758,858 572,120 Total operating expenses 1.176,322 880,473 Net income $1.012.927 $282,896 Statement of Financial Position 2020 2019 $7,462,098 $5,198,528 Total assets 3,960,587 3.742438 Total liabilities 1,440,602 820.288 Common share capital $3,501,511 $1.456,090 Total shareholders' equity 251.909 244,811 Weighted average number of common shares outstanding Calculate the return on shareholders' equity for OCloud in 2020. Note that oCloud's articles of incorporation authorize only MacBook Air 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%) 96 Return on shareholder's equity e Textbook and Media --12 Question Part Score Calculate earnings per share for the years 2020 and 2019. (Round answers to 2 decimal places, eg. 15.27.) 2019 2020 $ per share $ per share Earnings per share e Textbook and Media Question Part Score uestion 1 of 6 > -114 2020 2019 $ per share $ per share Earnings per share e Textbook and Media jestion Part Score 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 e Textbook and Media stion Part Score

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

Step: 3

blur-text-image

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 Social Function Of AccountsReforming Accountancy To Serve Mankind

Authors: John Flower

1st Edition

1138645249, 9781138645240

More Books

Students also viewed these Accounting questions