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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)
Stockholder's equity
Paid-in-capital
Common stock, $5 par value, 100,000 shares issued and 96,000 shares outstanding
$500,000
Retained earnings
200,000
Total paid-in capital and retained earnings
700,000
Less: Treasury Stock (4,000 Shares)
32,000
Total stockholder's equity
$668,000
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