FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following information is about Green Tea Ltd.
Beginning
Net income book value
of equity
($'000 000)
Year
($'000 000)
32
42
28
39
3
44
47
Required:
Calculate Equity value using discounted abnormal earnings valuation method. The cost of capital is 10%.
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Transcribed Image Text:The following information is about Green Tea Ltd. Beginning Net income book value of equity ($'000 000) Year ($'000 000) 32 42 28 39 3 44 47 Required: Calculate Equity value using discounted abnormal earnings valuation method. The cost of capital is 10%.
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