Free Grant Thornton Past Questions and Answers – 2022 Updated

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Sample Grant Thornton Aptitude Test Past Questions And Answers

Question 1

What will the revenue be in 2023, if it grows at 20% every year after 2020?

A. £12,960,000

B. £13,260,000

C. £13,560,000

D. £13,860,000

Solution

Calculate the growth year by year

2021: £7,500,000 x 120% = 9,000,000

2022: £9,000,000 x 120% = 10,800,000

2023: £10,800,000 x 120% = 12,960,000

Question 2

How much has the value of the industry changed from 2018 to 2020?

A. £5,557,576

B. £5,657,576

C. £5,757,576

D. £5,857,576

Solution

Step 1: Calculate the value of the industry in both years

2018: (£6,000,000 / 55) x 100 = £10,909,090

2020: (£7,500,000 / 45) x 100 = £16,666,666

Step 2: Calculate the difference

£16,666,666 – £10,909,090 = £5,757,576

Question 3

Profits have been used to reduce liabilities owed by the company. What will be the difference between liabilities and assets in 2022 if liabilities remain the same and the assets appreciate at 50% per year for the next two years?

A. £462,400

B. £463,400

C. £464,400

D. £465,400

Solution

Step 1: Calculate the value of the assets

2021: 1,000,000 x 150% = £1,500,000

2022: 1,500,000 x 150% = £2,250,000

Step 2: Calculate the difference

£2,714,400 – £2,250,000 = £464,400

Question 5

You are monitoring how well your bank is processing customer complaints. How many Bank Account & Loan complaints were closed and not agreed by the bank over the year?

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