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. OCloud 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 Total assets $7,462,098 $5,198,528 Total liabilities 3,960,587 3,742,438 Common share capital 1,440,602 820,288 Total shareholders’ equity $3,501,511 $1,456,090 Weighted average number of commons shares outstanding 251,909 244,811 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 Enter return on shareholder’s equity in percentages rounded to 1 decimal place. % eTextbook 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 $Enter a dollar amount rounded to 2 decimal places. per share $Enter a dollar amount rounded to 2 decimal places. per share eTextbook and Media 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 Enter percentages rounded to 1 decimal place. % Enter percentages rounded to 1 decimal place. % Dividend yield Enter percentages rounded to 1 decimal place. % Enter percentages rounded to 1 decimal place. %
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. OCloud 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 Total assets $7,462,098 $5,198,528 Total liabilities 3,960,587 3,742,438 Common share capital 1,440,602 820,288 Total shareholders’ equity $3,501,511 $1,456,090 Weighted average number of commons shares outstanding 251,909 244,811 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 Enter return on shareholder’s equity in percentages rounded to 1 decimal place. % eTextbook 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 $Enter a dollar amount rounded to 2 decimal places. per share $Enter a dollar amount rounded to 2 decimal places. per share eTextbook and Media 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 Enter percentages rounded to 1 decimal place. % Enter percentages rounded to 1 decimal place. % Dividend yield Enter percentages rounded to 1 decimal place. % Enter percentages rounded to 1 decimal place. %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 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. OCloud 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 | ||
Total assets
|
$7,462,098 | $5,198,528 | ||
Total liabilities
|
3,960,587 | 3,742,438 | ||
Common share capital
|
1,440,602 | 820,288 | ||
Total shareholders’ equity
|
$3,501,511 | $1,456,090 | ||
Weighted average number of commons shares outstanding
|
251,909 | 244,811 |
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 | Enter return on shareholder’s equity in percentages rounded to 1 decimal place. % |
eTextbook 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
|
$Enter a dollar amount rounded to 2 decimal places. per share | $Enter a dollar amount rounded to 2 decimal places. per share |
eTextbook and Media
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
|
Enter percentages rounded to 1 decimal place. % | Enter percentages rounded to 1 decimal place. % | ||
Dividend yield
|
Enter percentages rounded to 1 decimal place. % | Enter percentages rounded to 1 decimal place. % |
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