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. %

Name: OCloud Corporation’s suite of software products and services provides
Uploaded: 2022-11-22T13:58:24.000Z
Channel: Bartleby
Description: 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.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 66BE: Profitability Ratios Katrina Corp. is a publicly traded company on a large stock exchange. Katrinas...

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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

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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. %

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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