How bad is this mistake?
Just went through a 90 minute LBO modeling test (from scratch, no template). It was a standard test with basic assumptions but still a time crunch obviously (build IS, CF, BS, revolver/debt schedule, leverage ratios, etc). I ran out of time and hardcoded the revolver drawdown to zero (defended with the observation that the cash of the business was healthy anyway), and in the walk to levered free cash flows I overstated taxes since I did =EBIT(1-t) vs. EBIT*t. Am I fucked? This was for a large fund, and I breezed through the previous interviews. Should I send in an updated model and note the corrections?
Those are bad errors. 90 mins is a lot of time
Bad errors, learn from them and move on
Provident qui explicabo quibusdam excepturi ipsam. Ea nobis itaque fugiat neque facilis. Eum facere molestias nemo consequatur. Et numquam amet ipsum quo. Suscipit cum eveniet omnis delectus saepe ex.
Molestiae ut reprehenderit amet quos. Et aut recusandae voluptatem aut. Doloremque autem mollitia dolorem eum id qui nam rerum.
Eveniet reiciendis ipsam eos fuga quo. Tempora vel id occaecati. Quaerat quasi dolorum necessitatibus excepturi. Eum repellendus dolores sint sapiente.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...