Workforce Numerical Past Questions and Answers


Use the Table above to solve the following questions:


31)

What is the ratio of Reserve Liabilities (2008); Reserve Liabilities (2007)?

Answer : D

Explanation:

Step 1 - Put the figures into a ratio:
124:132 = 31:33
Thus the correct answer is (D) 31:33
32)

Which liability or liabilities have experienced a 10% change in value between 2008 and 2009?

Answer : B

Explanation:

Step 1 - Calculate the % change in value between 2008-2009, as follows;

Thus the correct answer is (B) Borrowings, Reserve Liabilities
33)

In 2010, Loans made are projected to decrease by an eighth and both Derivatives and Fixed Assets are projected to increase by 5%. What will be the impact on the 2010 Total Assets value (in £million)?

Step 1 - Calculate the changes in 2009 figures for Loans Made; and both Derivatives and Fixed Assets

Loans made; 24,600 / 8 = - 3,075
Derivatives; 512 x 5% = + 25.6
Fixed Assets; 614 x 5% = + 30.7
Step 2 - Calculate the overall impact
3075 (Loans Made) + 25.6 (Derivatives) + 30.7 (Fixed Assets) = - 3,018.7
Thus the correct answer is (B) 3,018.70 decrease
34)

Which asset or assets have changed in value by more than 12% from 2007 to 2009?

Answer : D

Explanation:

Step 1 - Calculate the % change in asset values, as shown below. Work out the figures for only the options given, to save time.

Thus the correct answer is (D) Fixed Assets
35)

What was the approximate fraction of Fixed Assets to Loans Made at the end of the financial year 2009?

Step 1 - The fraction is 614/24,600 = 1/40.
Tip - You should be able to recognise that your calculator answer of 0.02496 is approximately ten times smaller than 0.25 and thus from the available answers select 1/40.

Thus the correct answer is (A) 1/40

Similar CBTs


Popular CBTs