CIMA Exam CIMAPRA17-BA3-1 Topic 3 Question 97 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 97
Topic #: 3

[All CIMAPRA17-BA3-1 Questions]

GG has the following statement of profit or loss extract for the year ended 31 December 20X3

What is the interest cover for GG for the year ended 31 December 20X3?

A2.8 times

B4.0 times.

C4.5 times

D3.5 times

Show Suggested Answer

Suggested Answer: B

by Scarlet at Sep 15, 2024, 06:37 PM

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Sabra

7 months ago

Alright, let's get serious here. This is a piece of cake! I got 2.8 times, so A is the way to go. Time to crush this exam!

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Rutha

6 months ago

User 3: A) 2.8 times it is then. Let's ace this exam!

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Lamonica

6 months ago

User 2: Yeah, I agree. Let's go with A).

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Carisa

7 months ago

I think A) 2.8 times is the correct answer.

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Wendell

7 months ago

Hold up, are we sure this is a real exam question? Looks like someone just made up some random numbers. I'm going with option B, 4.0 times - it's the safest bet!

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Alease

6 months ago

Let's see who got it right. The answer is actually B) 4.0 times.

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Callie

7 months ago

I'm not so sure about this question either. I'll go with option A, 2.8 times.

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Van

7 months ago

I see your point, but I still think it's option B, 4.0 times.

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Haley

7 months ago

I think it's a real question, just a tricky one. I'm going with option C, 4.5 times.

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Graciela

8 months ago

I'm not sure, but I think it might be 3.5 times. The interest cover calculation can vary depending on the interpretation of the financial data.

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Rutha

8 months ago

Hmm, 4.5 times? That seems a bit high. I double-checked the numbers and got 3.5 times. Must be option D.

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Carin

8 months ago

I agree, the answer is definitely C. 4.5 times. Gotta love these straightforward calculation questions!

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Sheridan

8 months ago

I agree with Rosamond, the interest cover seems to be 4.0 times based on the profit or loss extract.

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Judy

8 months ago

Let's see, interest cover is calculated as profit before interest and tax divided by interest expense. Based on the numbers given, I got 4.5 times. That's option C.

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