Velcraft Company has 20,000,000 shares of ordinary shares authorized, but to date, has only 12,000,000 shares outstanding, each with a R1.00 par value.The company has R24,000,000 in additional paid-in capital and retained earnings are R96,000,000.What is Velcraft's current book value per share?

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The Answer of Velcraft Company has 20,000,000 shares of ordinary shares authorized, but to date, has only 12,000,000 shares outstanding, each with a R1.00 par value.The company has R24,000,000 in additional paid-in capital and retained earnings are R96,000,000.What is Velcraft's current book value per share?

Velcraft Company Has 20,000,000 Shares of Ordinary Shares Authorized, but to Date