Micromain Company has 10,000,000 shares of ordinary shares authorized and 8,000,000 shares outstanding, each with a R1.00 par value.The firm's additional paid-in capital account has a balance of R18,000,000.The previous year's retained earnings account was R124,000,000.In the year just ended, Micromain generated net income of R16,000,000 and the firm has a dividend payout ratio of 40 percent.What will Micromain's book value per share be when based on the final year-end balance sheet?

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The Answer of Micromain Company has 10,000,000 shares of ordinary shares authorized and 8,000,000 shares outstanding, each with a R1.00 par value.The firm's additional paid-in capital account has a balance of R18,000,000.The previous year's retained earnings account was R124,000,000.In the year just ended, Micromain generated net income of R16,000,000 and the firm has a dividend payout ratio of 40 percent.What will Micromain's book value per share be when based on the final year-end balance sheet?

Micromain Company Has 10,000,000 Shares of Ordinary Shares Authorized and 8,000,000