The practice room 練習
Practice that checks your work
Reading a chapter isn't the same as being able to do it. Number exercises are checked the moment you submit, and a wrong answer tells you which mistake it looks like. Interview answers you say out loud, then score against what a strong answer covers.
The full case: Harbor MaintenanceAn LBO in three modes, with workbooks to download.
0 of 40 passed · saved on this device
Statements and accounting0 / 10 passed
- Cash in before revenue: a customer prepaymentNumbers, checked · Level 1 · 5 minNot tried
- Working capital: get the sign rightNumbers, checked · Level 1 · 5 minNot tried
- Depreciation through all three statementsNumbers, checked · Level 1 · 5 minNot tried
- Predict it: one transaction, three statementsNumbers, checked · Level 1 · 4 minNot tried
- Walk me through the three statementsSay it, self-scored · Level 1 · 3 minNot tried
- Profitable but out of cashSay it, self-scored · Level 1 · 3 minNot tried
- An inventory purchase on creditSay it, self-scored · Level 1 · 3 minNot tried
- Net income versus free cash flowSay it, self-scored · Level 1 · 3 minNot tried
- Goodwill: created and impairedSay it, self-scored · Level 1 · 3 minNot tried
- Purchase price allocationSay it, self-scored · Level 2 · 3 minNot tried
Valuation and DCF0 / 11 passed
- Enterprise value to equity value, both directionsNumbers, checked · Level 1 · 8 minNot tried
- Repair a broken terminal valueNumbers, checked · Level 2 · 10 minNot tried
- Walk me through a DCFSay it, self-scored · Level 2 · 3 minNot tried
- Enterprise value versus equity valueSay it, self-scored · Level 1 · 3 minNot tried
- Which method gives the highest value?Say it, self-scored · Level 1 · 3 minNot tried
- No DCF, no multiplesSay it, self-scored · Level 2 · 3 minNot tried
- Building a peer setSay it, self-scored · Level 1 · 3 minNot tried
- WACC: what and whySay it, self-scored · Level 2 · 3 minNot tried
- Unlevering and relevering betaSay it, self-scored · Level 2 · 3 minNot tried
- Terminal value: growth or multipleSay it, self-scored · Level 2 · 3 minNot tried
- The mid-year conventionSay it, self-scored · Level 1 · 3 minNot tried
LBOs and debt0 / 8 passed
- Harbor Maintenance: the paper LBONumbers, checked · Level 2 · 15 minNot tried
- Harbor Maintenance: check your one-hour modelNumbers, checked · Level 3 · 60 minNot tried
- Harbor Maintenance: check your linked downsideNumbers, checked · Level 3 · 180 minNot tried
- Floating-rate interest and a cash sweepNumbers, checked · Level 2 · 8 minNot tried
- Walk me through an LBOSay it, self-scored · Level 2 · 3 minNot tried
- What makes a good LBO candidateSay it, self-scored · Level 1 · 3 minNot tried
- Where LBO returns come fromSay it, self-scored · Level 1 · 3 minNot tried
- A dividend recap: IRR versus MOICSay it, self-scored · Level 2 · 3 minNot tried
M&A0 / 3 passed
Credit and funds0 / 4 passed
- Fund returns: gross versus netNumbers, checked · Level 2 · 8 minNot tried
- Why issue debt instead of equity?Say it, self-scored · Level 1 · 3 minNot tried
- Bond price and yieldSay it, self-scored · Level 1 · 3 minNot tried
- Two high-yield bonds, same coupon and maturitySay it, self-scored · Level 2 · 3 minNot tried
Deal discussion0 / 4 passed
- Pitch a deal you would invest inSay it, self-scored · Level 2 · 5 minNot tried
- Tell me about a deal you worked onSay it, self-scored · Level 2 · 5 minNot tried
- Pitch a stock, long or shortSay it, self-scored · Level 2 · 5 minNot tried
- Present Harbor to the investment committeeSay it, self-scored · Level 3 · 10 minNot tried