LBO modeling test - not debt/cash free
For the real modelling tests I've done so far none of them were cash/debt free at the start, but also none of them provided min cash levels for instance. Are you expected to use the cash from the balance sheet and wipe the debt, and then assume a min cash level yourself, or what is the best practice for these cases?
Many thanks
Sweep the cash. Completely defendable and won’t be an issue ever with interviewer.
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