3-Statement Model Guide
Corporate operating model fundamentals for IB technicals.
The three statements must link: net income flows to retained earnings, depreciation adds back in cash flow, and capex reduces cash.
Common superday asks: project Year 3 net income, calculate unlevered FCF, and build a simple DCF.
Project Catalyst on SheetRank is a full 3-statement case with balance sheet tie-outs and grading.
Practice on SheetRank
Apply what you learned with live deal underwriting and automated grading.
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