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11.6 Menza Company has stockholders equity accounts as follows: Common stock ( 100,000 shares @ $ 10 par value). . . . . $ 1,000,000

11.6 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

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