AIWMI Exam CCRA-L2 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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Kris

3 hours 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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Solange

3 days 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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