Dollarmite Company has 10,000,000 shares of common stock authorised, but to date, has only 6,000,000 shares outstanding, each with a $2.00 par value. The company has $20,000,000 in additional paid-in capital and retained earnings are $16,000,000. What is Vegemite's current book value per share?

Answer rating: 100% (QA)

To calculate the current book value per share of Dollarmite Company we need to determine the total s... View the full answer