Paper LBO
Buy a business with debt, grow it, sell it, and work out what the sponsor made — sources and uses, the cash sweep, and the return at exit.
Backsolve
Five drills, generated fresh every time.
Every problem is built and graded by arithmetic, not by a language model — so the answer key is never wrong, and the numbers are redrawn every single time.
Three-statement impacts
Trace a single event across the income statement, cash flow statement, and balance sheet, measured either immediately or a full year later.
EV bridge
Walk between equity value and enterprise value, and count the shares properly under the treasury stock method.
DCF and WACC
Forecast the cash flows, unlever and relever beta, build the discount rate, and value the business down to a price per share.
Merger math
Price a deal, fund it three different ways, and work out whether it adds to earnings per share — EPS, P/E, accretion and dilution.
Free starter problems in every section, with the full randomized library available on a subscription. Answers are checked against tolerance bands, so clean approximations pass.