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Please solve clearly Enroll Page No Dete From the following find out the value of each share: Balance sheet of Super It as on 31st
Please solve clearly
Enroll Page No Dete From the following find out the value of each share: Balance sheet of Super It as on 31st March 2020 Equity & Liabilities Share Capital (bosoo ea shares @ 100lt 66,00.000 '& Current Lisbilities 11,64,000 5,40.000 Total' 98. 40.000 21,36.000 Tax provision Assets Land & building Machinery Current Assets Total 26.40,000 1140,000 60, 60,000 98.46,000 The net profit of the company were as under :- 9,00,000 2016 2017 2018 2019 Man Zo Zo 2020 11.52.000 10,80,000 12,00,000 11, 40,000 On 31 March 2020, Land & Buildings were valued at $30,00.000 & Posts & Machinery at * 18.00.000 - In view of the nature of business it is considered that 10% is a reasonable return on capital For the purpose of valuation of shares, goodwill shall be taken at 4 years purchase of the onnual super profils. 4Step by Step Solution
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