AIWMI CCRA-L2 Exam - Topic 3 Question 108 Discussion

Actual exam question for AIWMI's CCRA-L2 exam

Question #: 108
Topic #: 3

Ms. Mary Brown is a credit rating analyst. She had prepared a detailed report on one of her client, FlyHigh

Airlines Ltd, a company operating chartered aircrafts in India. As she was heading for a meeting with her superior on the matter, coffee spilled over her set of prepared paper(s). As she was getting late for meeting, instead of preparing entire set she could recollect few numbers from her memory and reconstructed following partial financial table:

Compute Interest for FY10 and FY12?

AInsufficient Information to compute

BFY10: INR50.53 Million; FY12:INR81.38 Million

CFY10: INR161.71 Million; FY12: INR252.27 Million

DFY10: INR17.47 Million; FY12:INR782.03 Million

Show Suggested Answer

Suggested Answer: D

by Apolonia at Mar 05, 2025, 08:22 PM

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Rusty

5 months ago

I’m leaning towards option B, looks solid!

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Nidia

5 months ago

Wait, how can FY12 be over 780M? That seems off.

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Elliott

6 months ago

I got FY10 as 50.53M too!

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Kenny

6 months ago

I agree, option A seems right.

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Barrie

6 months ago

I think we need more info to compute accurately.

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Lino

6 months ago

I feel like I might have seen those exact numbers before, but I can’t remember the calculations we did. It’s tricky without the full table!

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Avery

6 months ago

I’m leaning towards option B, but I’m a bit uncertain about the figures. Did we cover how to handle partial data like this?

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Chandra

7 months ago

I think I saw a similar question in our last mock exam. If I recall correctly, we need to look at the principal and rate to compute the interest.

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Florinda

7 months ago

I remember we practiced calculating interest based on financial tables, but I’m not sure if we have enough data here.

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Pilar

7 months ago

Hmm, I'm not sure I have enough information to compute the interest for those two years. The partial financial table is missing some key details. I'll need to carefully consider my options and see if I can make a reasonable guess.

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Caren

7 months ago

This is a challenging question, but I think I can figure it out. I'll need to make some assumptions based on the data provided, but I'm confident I can come up with a good estimate for the interest in FY10 and FY12.

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Lenita

7 months ago

Okay, let me see what I can do here. I'll start by looking at the information I do have and see if I can use that to estimate the missing values. Hopefully, I can come up with a reasonable approach to solve this.

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Idella

7 months ago

I'm a bit confused by the partial financial table. Without the full set of data, I'm not sure I can accurately compute the interest for those two fiscal years. I'll need to think this through step-by-step.

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Alecia

7 months ago

Hmm, this looks tricky. I'll need to carefully review the information provided and see if I can piece together the missing details to calculate the interest for FY10 and FY12.

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Breana

12 months ago

Whoa, talk about a messy situation! At least Ms. Mary Brown had the foresight to remember some key numbers. Now, if only she could remember where she left her coffee...

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Vallie

10 months ago

A) Insufficient Information to compute

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Maira

11 months ago

Oh wow, that's impressive that she could remember those numbers!

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Gayla

11 months ago

B) FY10: INR50.53 Million; FY12:INR81.38 Million

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Maynard

1 year ago

I'm going to go with option A. Trying to reconstruct the numbers from memory is a recipe for disaster. Better safe than sorry, right?

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Annamae

11 months ago

Yes, it's always better to have accurate information, especially when it comes to financial reports. Option A seems like the most logical choice.

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Brendan

11 months ago

I agree, it's better to be cautious in this situation. Accuracy is key when dealing with financial data.

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Rima

12 months ago

I think option A is the safest choice. It's risky to reconstruct numbers from memory.

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Odette

1 year ago

Haha, option D is just ridiculous! FY12 interest being over 700 million? I don't think so. I'm going with option C, it seems the most plausible.

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Luisa

12 months ago

Yeah, I also think option C is the most plausible choice given the situation.

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Latrice

1 year ago

I agree, option D does seem quite exaggerated. Option C does seem more realistic.

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Jackie

1 year ago

I'm not sure, I think it might be C) FY10: INR161.71 Million; FY12: INR252.27 Million

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Aliza

1 year ago

Wait, I think I can use the information provided to calculate the interest. Let me try option B and see if I can get the right numbers.

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Dalene

1 year ago

Okay, let's see. The financial table is incomplete, so I can't compute the interest for FY10 and FY12 accurately. I'll go with option A - Insufficient Information.

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