Sunday, December 26, 2021

TEACHING EXCEL FOR DATA ANALYSIS: HANDS ON 12 Using formulas and functions

 In this activity, you will start working on a rough draft of a sales report.

1. Click on the link below to open the Microsoft Excel exercise document you can use to complete this exercise.

https://github.com/alcadelina/Excel-

2. First, we need to set up formulas to calculate the operating profit. Click cell F2:

Excel workbook open, Cell F2 selected

3. Type an equal sign (=), then, click cell D2:

Excel workbook open, equal sign typed in the Cell F2 field, D2 selected and added in the Cell F2

4. Type a minus sign (-) and click cell E2:

Excel workbook open, minus sign typed in the Cell F2, Cell E2 selected and added in the Cell F2

5. Press Enter to complete the formula:

Excel workbook open, the result appears in the Cell F2

6. We will complete the rest of the column in the next activity. For now, click cell H2 and repeat Steps 2 through 5 to create a formula that subtracts depreciation from the operating profit, to calculate the net profit:

Excel workbook open, Cell H2 selected, Cell F2 and G2 added in the Cell H2

7. Now, let’s work on our scorecard. Click cell L2, where we want to calculate the average revenue:

Excel workbook open, Cell L2 selected

8. Click the AutoSum arrow on the Home tab and click Average:

\workbook open, Home tab selected, AutoSum command selected, a small pane open, Average option selected

9. By default, Excel will select the values in the first part of the row, but this is not what we want. Click and drag to select cells D2 to D20 instead:

Excel workbook open, Cells D2 to D20 selected

10. Press Enter to complete the formula and calculate the results:

Excel workbook selected, the formula was calculated and appears in L2

11. Cell L3 should now be selected. This is where we want to display the highest revenue. Let’s use a different method to create this formula. To begin, click Formulas → Insert Function:

Excel workbook open, L3 selected, Formulas tab open, Insert Formula option selected

12. Ensure that the Most Recently Used category is selected. Then, click the MAX function from the list. Click OK to insert it. If you do not see the MAX function in the Most Recently Used category, change to the Maths category and select it from there.

Insert Function dialog window open, Most Recently Used category selected, Max function chosen and "OK" button clicked

13. Now, click and drag to select cells D2 to D20:

Excel workbook open, Cells D2 to D20 selected

14. Click OK to complete the formula and calculate the results:

Function Arguments dialog window open, "OK" button selected

15. Now, use either the AutoSum command or the Insert Function command to calculate the lowest value in the Expenses column with the MIN function:

Excel workbook open, Cell L4 selected with the MIN function

16. Let’s double-check the first two values we calculated. Select cells D2 to D20:

Excel workbook open, Cell D2 to D20 selected

17. Look at the average calculated in the status bar, and compare it to the average calculated using the function:

Excel workbook open, average was calculated in the status bar

18. However, the MAX function is not shown here. Right-click anywhere on the Status bar, then click to select Maximum in the Customize Status Bar dialog box:

Excel workbook open, right clicked in the status bar, Customize Status Bar dialog open, Maximum option selected

19. Click anywhere in the Excel window outside of the Customize Status Bar dialog box. The dialog box will close, and you will now see the Max value in the status bar, which should match the result of the Max function:

Excel workbook open, dialog box closed, the Max value appears n the status bar. And match with the result in the Max function

20. Save your workbook as Activity 2-2 Complete. Close Microsoft 365 Excel to complete this activity.

21. Now, you can check out an example of a completed document in the link below:

https://github.com/alcadelina/Excel-

 

Completed

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