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. %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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