Hi, a simple question when building the training LBO model from Multiple Expansion:
Why do you subtract cash on hand, and add fund cash balance to get to PF 2016 cash balance?
Also, what does "fund cash balance" mean in this context?
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Not a lot of context so kind of guessing but since it’s for the pro forma balance sheet I beliveeee its just saying you subtract your cash balance because that is in your Sources (whatever cash you have already to finance the LBO) and the cash you add back is on your Uses which would be how much cash you intend to keep on hand since usually you don’t get rid of all the cash you have
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