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 $40.21 and $38.40 on June 30, 2020, and June 30, 2019, respectively. OCloud declared dividends per common share of $0.473 and $0.412 for 2020 and 2019, respectively. OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 4 Total revenues Total cost of revenues Total operating expenses Net income Statement of Financial Position Total assets Total liabilities Common share capital Total shareholders' equity Weighted average number of commons shares outstanding 2020 $2,292,471 $1,839,262 760.877 570,223 1,181,498 884,482 $272,836 $299,938 2020 2019 252,275 2019 $7,435,933 3,940,763 1,449,399 809,798 $3,495,170 $1,369,709 $5,165,034 3,795,325 245,016 There are income taxes that do not appear in the list, that would reduce net income.

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 $40.21 and $38.40 on June 30, 2020, and June 30, 2019, respectively. OCloud declared dividends per common share of $0.473 and $0.412 for 2020 and 2019, respectively. OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 4 Total revenues Total cost of revenues Total operating expenses Net income Statement of Financial Position Total assets Total liabilities Common share capital Total shareholders' equity Weighted average number of commons shares outstanding 2020 $2,292,471 $1,839,262 760.877 570,223 1,181,498 884,482 $272,836 $299,938 2020 2019 252,275 2019 $7,435,933 3,940,763 1,449,399 809,798 $3,495,170 $1,369,709 $5,165,034 3,795,325 245,016 There are income taxes that do not appear in the list, that would reduce net income.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Lonnie Shelton Corp (LSC) had Shareholder's Equity of $2200 at the end of 2019 and $2100 at the end of 2020. LSC earned net income of $870 in 2020 and paid dividends of $480. How much common stock was issued or repurchased in 2020?
Listed here are data for five companies. These data are for the companies' 2019 fiscal years. The market price per share is the closing price of the companies' stock the day after they announced their 2019 earnings. Except for market price per share, all amounts are in millions. The shares outstanding number is the weighted-average number of shares the company used to compute basic earnings per share. Note that the numbers for Mountainview Investments are significantly different that the other companies. For example, the number for its shares outstanding includes a decimal, not a comma. Its shares outstanding are about are 1.6 million, not 1.6 billion. Company Nile.com Mountainview Investments Big Oil Soda Fizz Incorporated Ringer Corporation Net Earnings $12,495 82,355 15,280 8,255 6,088 Company Stockholders' Shares Market Price Equity Outstanding per Share $62,998 1,415 $2,006.00 429,386 1.652 Nile.com Mountainview Investments Big Oil Soda Fizz Incorporated Ringer Corporation 199,674…
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Glendale Ltd. reported the following selected data at December 31, 2021 and 2020: 2021 2020 Total assets $515,000 $529,000 Total liabilities 309,000 302,000 Interest expense 13,000 12,000 Income tax expense 25,500 22,500 Profit 85,000 75,000 Calculate Glendale Ltd.'s (a) debt to total assets and (b) interest coverage ratios for each of the years 2021 and 2020 and comment on any trends.
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Calculate the Return on Shareholder equity % ratio for Urban Outfitters for both 2018 and 2019. Be sure to report in percentages & round your answer to 2 decimal place.
In the following table you are given for a company the earnings per share and the dividend per share for the last three years: earnings per share Dividend Year per share 2019 2020 2021 $0.15 $0.18 $0.21 $0.03 $0.036 $0.042 According to the estimates of the financial department of the company, the expected earnings per share for 2022 will be €0.24 and for 2023 will be €0.27. The profit growth rate from there on is expected to be 8% per year. If the required return from investors to buy a share with a risk equal to that of this company is 11%, what is the economic value of the share at the end of 2021 with the assumption that the percentage of profits distributed as a dividend remains constant?
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 CORPORATIONYears 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…
Sycip was tasked to analyze the earnings performance of Alamo Transport Corporation. The following data were gathered from Alamo's financial statements and from a report of the closing market prices of shares: Profit for 2020 6,643,000 Preference dividends declared during 2020 600,000 Ordinary dividends declared Dec 31, 2020 2,620,000 Number of Alamo ordinary shares outstanding: 01-Jan-20 1,500,000shares 31-Dec-20 1,600,000shares Market price per ordinary share on Dec 31, 150 2015 Calculate the following ratios relating to the Alamo share: 1. Basic earnings per ordinary share 2. Price-earnings ratio I
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