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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Calculate the dividend payout ratio and the dividend yield for 2020 and 2019. (Round answers to 1 decimal place, eg. 15.2%)
Dividend payout ratio
Dividend yield
2020
%
2019
%
%

Transcribed Image Text: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
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
$7,435,933
3,940,763
1,449,399
$3,495,170
2019
252,275
2019
$5,165,034
3,795,325
809,798
$1,369,709
245,016
*There are income taxes that do not appear in the list, that would reduce net income.
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