One-hour observed template test

Time and preparation

Documented work limit

60 minutes

Start the attempt

1. Open the permitted materials and start your timer when you begin reading the candidate brief.
2. Work independently using the brief and the permitted materials below. Keep the worked answers and walkthrough closed.
3. At the time limit, stop editing and save a separate Timed copy. Continue only in a separate Untimed copy.

Deliverables

• Five years of earnings and free cash flow.
• Senior-first debt repayment and sponsor cash-on-cash and IRR.
• Three written answers on potential return improvements, earnings-to-cash conversion and whether the buyer earns an attractive return.

Permitted files

Download the candidate packet (ZIP)

• Live exercise briefClock, required work and conventions. PDF · 2 KB↓
• Issued two-tab model exerciseThe first tab holds the assumptions and questions. Build the exercise on the second tab. XLSX · 13 KB↓