Excel Modeling Test for Interview

So, I just had a second round interview for a research associate role and then was given a modeling test. I was told to fix three errors in the forecasting period of the IS. At first glance I see four errors in the forecasting periods for Gross Profit as it does not incorporate all 4Qs in FY 2016. Seems too easy that I must be missing something.

Attachment Size
copy_of_val_w_3_errors.xls 1.14 MB 1.14 MB
 

i will pm you the model with comments ... then you can upload that if you want.. I did not bother to go through the schedules but it is just not the way I would have made the model, i hope this is not the way they actually make the models

 

What are some of the changes you would make to the model to have it fit more in line with what you would make? Or would you just make it in a completely different way?

 

I identified two errors and was able to make the #VALUE! error dissapear, the model seems to be working OK. However, could you also pm me just for me to check my solving and find out the third error?

"The curious task in economics is to demonstrate to men how little they really know about what they imagine they can design" F.A. Hayek "What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?" Adam Smith
 

Hi guys. Can someone help me with this? I fixed the few things in the IS but more importantly how do I fix the circularity?

Thx in advance!!!!

 

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