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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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