If I have been given financial statements for 2 years and 1 month of the first forecasted year of 5 years, how should I use the 1 month for the model? Was it given primary to give me a direction for assumptions in forecasting? Should I actually add it to the model after the 2 historical periods? I feel like that may look awkward.
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That first month of actuals is where you start to build the opening balance sheet in the lbo model. Don't forget to stub year the CFs relating to the pro forma capital structure (i.e. Interest expense).
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