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Cobalt Mobile

The business

A regional wireless carrier adding subscribers and revenue every year, and buying that growth with rising churn, falling ARPU and a subscriber acquisition cost that climbs faster than either. Margins and free cash flow go the other way.

One workbook. A complete model, already built and locked, and 28 multiple-choice questions about what it shows.

Inside the file

Instructions
What you are looking at, how the questions work, how it is marked.
Financials
The finished model, locked. This is what you review.
Questions
One letter per question, A to D.
Scoring
Your score, with each answer explained back to the line that gave it away.

Type a letter, A to D, against each question. A toggle stays on N while you work, so you answer blind. Flip it to Y and each answer turns green or red, with the reasoning pointing back at the line that gave it away. A blank answer scores zero.

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