Balance Sheet of the Mead Food Company:
What is the Book Value Per Share based on the information attached?
If the market price per share $50 for Mead Food Company, what is the total value of Mead Food Company?
Mead Food Inc.
Balance Sheet (Partial)
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Stockholder's equity
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Paid-in-capital
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Common stock, $5 par value, 100,000 shares issued and 96,000 shares outstanding
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$500,000
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Retained earnings
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200,000
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Total paid-in capital and retained earnings
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700,000
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Less: Treasury Stock (4,000 Shares)
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32,000
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Total stockholder's equity
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$668,000
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