xlsx

# Requirements for Outputs ## All Excel files ### Zero Formula Errors - Every Excel model MUST be delivered with ZERO formula errors (#REF!, #DIV/0!, #VALUE!, #N/A, #NAME?) ### Preserve Existing Templates (when updating templates) - Study and EXACTLY match existing format, style, and conventions when modifying files - Never impose standardized formatting on files with established patterns - Existing template conventions ALWAYS override these guidelines ## Financial models ### Color Coding Standards Unless otherwise stated by the user or existing template #### Industry-Standard Color Conventions - **Blue text (RGB: 0,0,255)**: Hardcoded inputs, and numbers users will change for scenarios - **Black text (RGB: 0,0,0)**: ALL formulas and calculations - **Green text (RGB: 0,128,0)**: Links pulling from other worksheets within same workbook - **Red text (RGB: 255,0,0)**: External links to other files - **Yellow background (RGB: 255,255,0)**: Key assumptions needing attention or cells that need to be updated ### Number Formatting Standards #### Required Format Rules - **Years**: Format as text strings (e.g., "2024" not "2,024") - **Currency**: Use $#,##0 format; ALWAYS specify units in headers ("Revenue ($mm)") - **Zeros**: Use number formatting to make all zeros "-", including percentages (e.g., "$#,##0;($#,##0);-") - **Percentages**: Default to 0.0% format (one decimal) - **Multiples**: Format as 0.0x for valuation multiples (EV/EBITDA, P/E) - **Negative numbers**: Use par...