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Anonymous
2 wks to go
Global
I want to receive updates regarding this question via email.

Working capital adjustments and how to handle them

Hi there, 

in M&A and valuation models, I consistently mess up how to treat changes in working capital. I’ve read multiple guides and tried memorizing rules, but in practice (like mock interviews), I either miscalculate it or don’t catch how it’s affecting cash flow. Are there frameworks or mental models people use to make this second nature?

Thanks for your help!

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