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Please be fast and don't waste my turn please within 5 minutes 3 Goodwill of a firm is valued at three year's purchase of the

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Please be fast and don't waste my turn please within 5 minutes 3 Goodwill of a firm is valued at three year's purchase of the average profits of the last five years. The profits of each year ending 31st March are as under :- 2011 50,000 Profit 2014 60,000 Profit 2012 20,000 Loss 2015 80,000 Profit 2013 10,000 Profit Calculate the value of goodwill

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