Velcraft Company has 20,000,000 shares of common stock authorized, but to date, has only 13,200,000 shares outstanding, each with a $1.00 par value.

Velcraft Company has 20,000,000 shares of common stock authorized, but to date, has only 13,200,000 shares outstanding, each with a $1.00 par value. The company has $24,000,000 in additional paid-in capital and retained earnings are $96,000,000. What is Velcraft’s current book value per share

Velcraft Company has 20,000,000 shares of common stock authorized, but to date, has only 13,200,000 shares outstanding, each with a $1.00 par value. The company has $24,000,000 in additional…