Question - Menza Company has stockholders' equity accounts as follows:
Common stock ( 100,000 shares @ $ 10 par value). . . . . $ 1,000,000
Additional paid- in capital on common stock . . . . . .750,000
Retained earnings. . . . . .600,000
Calculate the amount of book value per share for common stock and summarize briefly what that figure means in relation to the current market value of the stock.