Question

Q-11 Solve the numericals questions.
(5 marks)
A firm earned net profits during the last three years as:
Year
11
18,000
20,000
22,000
Profits ()
The capital investment of the firm is 60,000. Normal return on the capital is 10%. Calculate
cs Value of goodwill on the basis of three years' purchase of the average super profit for the last
three years.nner
Your answer

Answer 1

Explanation:

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