Question
Enabling the Iterative calculation option in Excel or Google Sheets is necessary for the LBO Model Template because the template uses circular formulas. Without this setting activated, the model won't work correctly. The Iterative calculation option allows for the resolution of circular references where a formula refers back to its own cell either directly or indirectly.
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Before we get into details, you must enable the "Iterative calculation" option in Excel or Google Sheets to ensure the model works correctly. The LBO Model Template uses circular formulas and won't work properly without this setting activated. Instructions for this are available in the "Instructions" tab, where you'll also find additional information that can help with any questions about the model.
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