1] Hilton has 2000 rooms available with the base ‘Room only’ rate of $100 per night.

Analyst assumes out of 360 operating days in FY2019E, half year will be peak with
100% occupency and 10% price increase during the peak. Where as for Off-peak
period,5% room will be vacant. Food revenue is estimated at $20 per occupied room.
Company generated $15m as other revenue.

Qtn: What will be the Total revenue for FY2019?

(Use excel to build model and upload your working. Enter answer in million $ with
rounding off to 1 decimal. For eg: if your answer in $25.76M, type as 25.8. For
$50.12m, type as 50.1)

2] Hilton has 2000 rooms available with the base ‘Room only’ rate of $100 per night.
Analyst assumes out of 360 operating days in FY2019E, half year will be peak with
10% price increase during the peak. Where as for Off-peak period,5% room will be
vacant. Food revenue is estimated at $20 per occupied room. Company generated
$15m as other revenue.

Qtn: What will be the Food revenue for FY2019?

(Use excel to build model and upload your working. Enter answer in million $ with
rounding off to 1 decimal. For eg: if your answer in $25.76M, type as 25.8. For
$50.12m, type as 50.1)

3] Company reported total revenue of $100million in FY2018 and achieved an

operating margin of 40%. It has paid10% interest rate for the $100m fixed rate debt
maturing in 2025. Company has 100 sales staff drawing total salary of $5m annually,
additional monthly corporate expenses of $500k. Applicable tax rate for the company
is 20%. Average shares outstanding is 10,000K. For FY2019 revenue is expected to
grow by 10% as compared to FY2018. Gross margin, corporate expense and tax rate
is expected to be the same as last year. Analyst expect there will be no salary
increment, where as there will be $1 incentive per 10 room booked for sales staff.
Hilton decided to payback debt at mid 2019 with 15%early exit penalty.

Qtn: What will be the EPS for FY2018?

(Use excel to build model and upload your working. Enter answer in million $ with
rounding off to 1 decimal. For eg: if your answer in $25.76M, type as 25.8. For
$50.12m, type as 50.1)

4] Company reported total revenue of $100million in FY2018 and achieved an

operating margin of 40%. It has paid10% interest rate for the $100m fixed rate debt
maturing in 2025. Company has 100 sales staff drawing total salary of $5m annually,
additional monthly corporate expenses of $500k. Applicable tax rate for the company
is 20%. Average shares outstanding is 10,000K. For FY2019 revenue is expected to
grow by 10% as compared to FY2018. Gross margin, corporate expense and tax rate
is expected to be the same as last year. Analyst expect there will be no salary
increment, where as there will be $1 incentive per 10 room booked for sales staff.
Hilton decided to payback debt at mid 2019 with 15%early exit penalty.

Qtn: What will be the Net income for FY2018?

5] Company reported total revenue of $100million in FY2018 and achieved an

operating margin of 40%. It has paid10% interest rate for the $100m fixed rate debt
maturing in 2025. Company has 100 sales staff drawing total salary of $5m annually,
additional monthly corporate expenses of $500k. Applicable tax rate for the company
is 20%. Average shares outstanding is 10,000K. For FY2019 revenue is expected to
grow by 10% as compared to FY2018. Gross margin, corporate expense and tax rate
is expected to be the same as last year. Analyst expect there will be no salary
increment, where as there will be $1 incentive per 10 room booked for sales staff.
Hilton decided to payback debt at mid 2019 with 15%early exit penalty.

Qtn: What will be the Net Income for FY2019?

6] Company reported total revenue of $100million in FY2018 and achieved an

operating margin of 40%. It has paid10% interest rate for the $100m fixed rate debt
maturing in 2025. Company has 100 sales staff drawing total salary of $5m annually,
additional monthly corporate expenses of $500k. Applicable tax rate for the company
is 20%. Average shares outstanding is 10,000K. For FY2019 revenue is expected to
grow by 10% as compared to FY2018. Gross margin, corporate expense and tax rate
is expected to be the same as last year. Analyst expect there will be no salary
increment, where as there will be $1 incentive per 10 room booked for sales staff.
Hilton decided to payback debt at mid 2019 with 15%early exit penalty.

Qtn: What will be the cost of revenue FY2018?

7] Company reported total revenue of $100million in FY2018 and achieved an

operating margin of 40%. It has paid10% interest rate for the $100m fixed rate debt
maturing in 2025. Company has 100 sales staff drawing total salary of $5m annually,
additional monthly corporate expenses of $500k. Applicable tax rate for the company
is 20%. Average shares outstanding is 10,000K. For FY2019 revenue is expected to
grow by 10% as compared to FY2018. Gross margin, corporate expense and tax rate
is expected to be the same as last year. Analyst expect there will be no salary
increment, where as there will be $1 incentive per 10 room booked for sales staff.
Hilton decided to payback debt at mid 2019 with 15%early exit penalty.

Qtn: What will be the non-operating expenses for FY2019?

(Use excel to build model and upload your working. Enter answer in million $ with
rounding off to 1 decimal. For eg: if your answer in $25.76M, type as 25.8. For
$50.12m, type as 50.1)

8] Company A is an Indian company supplying software only to USA. USD expected

to appreciate against INR, where as inflation is expected to rise in India. Company has
a policy of 100% hedge for all the billings. How this will impact Total revenue of the
company.

A. Increase
B. Decrease
C. No change

9] Which ratio determines financial leverage of the company

A. P/E ratio
B. EBITDA/Interest expense
C. Accounts receivable days
D. Debt to equity

10] Four years ago, Priya was twice as old as Riya. Four years on from now, Riya will
be 3/4of Priya’s age. How old is Priya now?

A. 8
B. 12
C. 28
D. 32

11] You spend $92 million on a company. It will generate $76m of revenue in the first
year, then revenue will grow at 4% per year.It will provide a cash return of 10% of
revenue in year one, this will increase by 1% every year (i.e 11% in year two) up to a
maximum of 15%.What is the payback period in years (rounding up to the nearest
year)?

A. 4
B. 5
C. 6
D. 7
E. 8

12] Company A had invested $100m in Company B in the year 2015, which is sold
now and received $150m. Company A will report $150m as proceeds from sale of
assets in.

A. Operating income
B. Operating cash flow
C. Investing cash flow
D. Non-Current assets
E. Current assets

13] Company has Net income of $50, working capital investment of $4, beginning
fixed assets of $500, Ending fixed assets of $530, Depreciation of $27. Income tax of
$5. What is FCFE.

A. $56
B. $48
C. $51
D. $43
E. $38

14] 10 Women can complete a work in 10 days and 7 children take 14 days to
complete the work.How many days will 5 women and 5 children take to complete the
work?

A.5
B.10
C.15
D.20
E.25

15] There are 111 eggs in a box. Jane has 77 eggs in a bag. Ash takes 22 eggs out of
the box. How many eggs are left in the bag?

A. 111
B. 89
C. 77
D. 55

16] Mr. A started company in 2018 with initial investment of $10m and borrowed
$1m from bank. Co. Issued IPO for 100000 shares of 100 each. Which is listed today
with 25% premium. What is the current market capitalization of the Co.

A. $10,000,000
B. $12,500,000
C. $20,000,000
D. $22,500,000
E. $25,000,000

17] At $200m of Revenue, company has Net margin of 25%, and dividend payout
ratio is 20%. It has re-purchased $5m worth of shares. If other things constant, what
will be the change in retained earnings for the company.

A. $35m
B. $40m
C. $45m
D. $50m

18] If management decided to increase all the future credit purchase by 10 more days,
how it will impact cash conversion cycle.

A. Increase
B. Decrease
C. No change
D. Cant say

19] If two circles is a sphere, a circle and triangle is a cone, and two triangles are a
pyramid, what is a circle and a rectangle?

A. A circular line
B. A cylinder
C. An Oval object
D. Insufficient Data

20] You travel to work by car. You pay annual car insurance of $320, a monthly lease
of $385, a daily parking rate of $16 and petrol costs 47c per km. Each trip to work is
38km each way, and you work 19 days every month. What is the total cost you will
incur for one year?

A. 16726
B. 16728
C. 16730
D. 16732
E. 16734

21] Company A has business of software development. Company got contract from
BOB on 1st Feb19 to build cash management software for them. Total contract value
is $100m. BOB has given 50% payment at the time of placing the order and 50% after
delivery of 2nd phase. Product will be delivered in 3 phase, 1st phase(30%) will be
delivered by Dec19, Second in June 2020(20%) and third in March 2021 (50%). What
will be the financial impact for company A for Calendar year FY2019.

A. Revenue of $100m
B. Revenue of $50m and Deferred revenue of $50m
C. Revenue of $30m and Deferred revenue of $20m
D. Revenue of $15m and Deferred revenue of $35m
E. Deferred revenue of $100m

22] I have purchased 100 Infosys stock yesterday at INR 1000. Stock has a negative
beta of 1.5 . Nifty is expected to fall by 2% tomorrow. What will be the expected
infosys stock price yesterday.

A. 970
B. 980
C. 1000
D. 1020
E. 1030

23] At college, 65% of the students studied Maths, 80% studied English, 90% studied
French and 85% studied German. What percentage at least must have studied all 4?

A. 5%
B. 10%
C. 15%
D. 20%
E. 25%

24] Marketable securities reported to

A. Current assets
B. Current Liabilities
C. Non-Current assets
D. Non-Current Liabilities
E. Equity

25] Real estate investment trusts(REITs) is a company which own and rents various
of property. If you are an Investment manger investing in REIT Companies, and you
expect the unemployment rate to go down, which type of REIT companies you will
prefer over others to invest.

A. Shopping Centres REITs

B. Residential REITs
C. Office REITs
D. Hotel REITs
E. Mortgage REITs

26] Naspers originally invested in Flipkart in 2012 and has invested $616m over a
period of time. Naspers stake in Flipkart sold to Walmart for $2.2Billion. Walmart
will have to withhold 10% of the amount and pay the same to Indian Government as
Tax deducted. Naspers balance sheet will

A. Reduce by $616m
B. Increase by $1.36Billion
C. Increase by $1.98Billion
D. No change in Naspers Balance sheet

27] You spend $92 million on a company. It will generate $76m of revenue in the first
year, then revenue will grow at 4% per year. It will provide a cash return of 10% of
revenue in year one. this will increase by 1% Every year (i.e. 11% in year two) up to a
maximum of 15%. What is the payback period in years (rounding up to the
nearest’year)?

A. 4
B. 5
C. 6
D. 7
E. 8