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Ironvale Fasteners

The business

A maker of precision metal fasteners hit by a sharp steel cost spike, followed by price increases that recover the margin only partly and only slowly. A cost-and-pricing cycle read through margins and leverage.

One workbook. A complete model, already built and locked, and 29 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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