5.5.5,00,000Ans. 10 * Equity Share Value 10.12, 100On 31st March, 2014 the Balance Sheet of Ramesh Ltd. was as follows:Balance SheetParticularsI. EQUITY AND LIABILITIESShareholders' funds :Share capital5,000 Shares of 100 each fully paidReserves and surplusStatement of Profit & lossDividend equalisation fundNon-current liabilities :Bank overdraftCurrent liabilities :Trade payablesOther current liabilities:Short-term provisions :Provision for taxation1,03,00075,000120,00077,00045,0008,20,000II. ASSETS:Non-current assets :Fixed assets :Tangible assets :Land and building2,20,000Plant and machinery95,000Current assets :Inventories3,50,000Trade receivables1,55,0008,20,000The net profits of the company, after deducting all working charges and providing depreciation andtaxation were as under:2009-10 785,000; 2010-11 7 96,000; 2011-12 3 90,000; 2012-13 * 1,00,000; 2013-14 795,000.On 31st March, 2014 Land and Building were valued at $2,50,000 and Plant and Machinery at 71,50,000. In view of the nature of the business, it is considered that 10% is a reasonable return ontangible capital.Find out the value of the Company's share after taking into account the revised values of fixed assetsand your own valuation of goodwill based on five years purchase of the annual super profits.Calculate super profit on average capital employed for this purpose.​