AIWMI CCRA-L2 Exam - Topic 7 Question 78 Discussion

Actual exam question for AIWMI's CCRA-L2 exam

Question #: 78
Topic #: 7

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 Indi

a. 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 growth in PAT for FY12?

A25%

B19%

C22%

D21%

Show Suggested Answer

Suggested Answer: B

by Erick at Dec 13, 2023, 06:43 AM

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Dorsey

4 months ago

Yeah, 22% feels right to me!

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Kaitlyn

4 months ago

Wait, are we sure about these numbers?

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Angelyn

4 months ago

Definitely 25%, can't be wrong!

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Samuel

4 months ago

I think it's actually 21%.

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Lettie

5 months ago

The PAT growth for FY12 is 22%.

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Aide

5 months ago

I vaguely recall that the growth in PAT was around 21% in one of our mock tests. I hope that’s the right approach for this question too!

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Goldie

5 months ago

I feel a bit confused about how to approach this. I think I need to subtract the previous year's PAT from the current year and then divide by the previous year's PAT, right?

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Ezekiel

5 months ago

This question reminds me of a similar one we did on PAT growth last week. I think the answer might be around 22%, but I need to double-check my calculations.

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Johnathon

5 months ago

I remember calculating growth rates in our practice sessions, but I’m not sure if I should use the absolute values or the percentage change formula.

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Dean

5 months ago

I think I can do this! I just need to focus on the key numbers I have and apply the right formula to find the growth rate.

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Josphine

5 months ago

I'm a bit confused by the missing information in the financial table. I'll have to make some assumptions to try and solve this.

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Teddy

5 months ago

Okay, let me think this through step-by-step. I'll need to find the PAT values for FY11 and FY12 and then calculate the percent change.

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Kanisha

5 months ago

Hmm, this looks tricky. I'll need to carefully analyze the partial financial data and try to calculate the growth in PAT for FY12.

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Rashida

6 months ago

Variables sampling? I'm not sure that would be the best fit for this scenario. I'd want to use a more direct sampling method to really uncover any potential issues with the lending practices. Let me re-read the question and consider the options again.

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Daniela

6 months ago

I'm a bit confused by all the different text analytics options. Let me re-read the question and the table carefully to make sure I understand which API was used.

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Dorthy

6 months ago

Hmm, I'm not sure about this one. I know RPM is for Linux, but I'm not sure if it works on Windows and Mac too. I might need to think this through a bit more.

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Lorrine

6 months ago

This seems straightforward, I think I can handle it. I'll just need to locate the meeting, add the customer service group, and remove Andy Teal as required.

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Dorinda

6 months ago

This question seems pretty straightforward. I think I can handle it.

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Freeman

6 months ago

From what I recall, profit margin is usually lower than mark-up. So maybe 15% could be the right answer? I'm really uncertain though.

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Irene

11 months ago

Wait, wait, wait. Did she say she was heading to a meeting with her 'superior'? Ooh, someone's in trouble! But hey, at least she managed to get the right answer - 22% growth in PAT. Nicely done, Ms. Brown!

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Fernanda

10 months ago

Definitely! 22% growth in PAT is impressive.

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Katina

10 months ago

Yeah, but at least she remembered the numbers and got the right answer.

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Rebecka

10 months ago

Oh no, spilled coffee on important papers? That's rough.

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Leota

11 months ago

Ah, the joys of being a credit rating analyst. Spilled coffee and partial financial data, a day in the life! Anyway, the growth in PAT is 22%, so I'm going with C) 22%.

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Kris

11 months ago

Hmm, this is tricky with the spilled coffee and all. But I think I got it. The growth in PAT from FY11 to FY12 is 22%. Gotta love those memory skills, right Ms. Brown?

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Madonna

10 months ago

Yes, I agree. Ms. Brown's memory skills are impressive. The growth in PAT for FY12 is 22%.

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Nikita

10 months ago

Great job! You have a good memory, the growth in PAT from FY11 to FY12 is indeed 22%.

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Florinda

10 months ago

Impressive! You nailed it, the growth in PAT for FY12 is 22%.

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Demetra

10 months ago

Great job! You have a good memory, the growth in PAT for FY12 is indeed 22%.

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Solange

11 months ago

Okay, let's think this through step-by-step. The PAT for FY11 is 400 and for FY12 is 490. To calculate the growth, I'll use the formula: (FY12 PAT - FY11 PAT) / FY11 PAT * 100. Plugging in the numbers, I get (490 - 400) / 400 * 100 = 22%. The correct answer is C) 22%.

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