The profits of Swami Vivekananda Ltd. for the last five years are as follows: Compute the value
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The profits of Swami Vivekananda Ltd. for the last five years are as follows:
Compute the value of goodwill of Swami Vivekananda Ltd. on the basis of 4 years’ of purchase of weighted average profit after assigning weights 1, 2, 3, 4 and 5 serially to the profits.
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Year Annual Profits 3 Weight 1994 1 1995 2 1996 3 1997 4 1998 Total 3...View the full answer
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