45 Minute Excel Test

Hey everyone,

I recently received an in-person interview, and the firm mentioned a 45 minute Excel test. They specified it will not be a LBO case study, so I'm curious what they could possibly test during this time. I'm imagining a 3-statement model or something of that nature. Anyone have experience with non-LBO excel tests for PE shops, and what to expect?

Thanks a lot.

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