Excel Crash Course
Exam 2024 Update
Identify the shortcut to remove arrows from Trace Precedents or Trace Dependents.
Alt d t
Alt m p
Alt m d
Alt m a - ✔✔✔ANSWER-The correct answer is Alt m a.
Alt d t inserts a data table. Alt m p is the shortcut to trace precedents. Alt m d is the
shortcut to trace dependents.
Identify the utility used to create a dropdown menu in Excel.
Alt d t
Alt d v l
,Alt d l
Alt d d t - ✔✔✔ANSWER-The correct answer is: alt d l.
Alt d t is the shortcut to build a data table. Alt d v l is not a valid shortcut. Alt d d t
is not a valid shortcut.
All of the following are keyboard shortcut that allow the user input to add more
sheets to a workbook EXCEPT:
Alt i w
Alt h i s
Shift F11
Alt Shift F1
Alt h i w
Incorrect - ✔✔✔ANSWER-Alt i w, Alt h i s, Shift F11 and Alt Shift F1 are all
keyboard shortcuts for adding more sheets to a workbook.
Alt h i w is not a valid shortcut.
Below is a Data Table designed to display the effect on 2015 Net Profit based of
changes in 2015 Revenue Growth and 2015 COGS %. Please provide:
The cell reference required in D22.
The row input cell required by the Data Table.
The column input cell required by the Data Table.
Provide all three cell references, in order above, separated by commas with no
space (i.e. A1,A2,A3) Note: Do not include spaces within answer -
✔✔✔ANSWER-The correct answer is: E8,E10,E11
E8 is the cell reference for 2018 Net Income, the output variable, which must be in
the top left corner of the table. E10, the 2015 revenue growth rate, is the row input
cell, the variable that is being sensitized in the top row of the table. E11, the COGS
%, is the column input variable that is being sensitized.
, Identify a function in cell D6 that will return the fraction of the year elapsed
assuming a 360 day count basis.
=STUB(D4,D5)
=YEARFRAC(D4,D5,2)
=DAYS360(D4,D5)
=YEARFRAC(D4,D5) - ✔✔✔ANSWER-The correct answer is:
=YEARFRAC(D4,D5,2). STUB is not an Excel formula. DAYS360 will return the
number of days in a 360 day year. YEARFRAC(D4,D5) will calculate the fraction
using a 365-day year.
Identify the best formula that will output 2016 expenses. Hint: Only select the
'range lookup' argument if it is necessary.
=HLOOKUP(2016,B2:D4,2,0)
=HLOOKUP(2016,A1:D4,3)
=HLOOKUP("Expenses",A1:D4,2)
=HLOOKUP(2016,B2:D4,2) - ✔✔✔ANSWER-The correct answer is:
=HLOOKUP(2016,A1:D4,3)
=HLOOKUP(2016,B2:D4,2,0) will not result in a valid output because 2016 is not
selected in the table array argument.
=HLOOKUP("Expenses",A1:D4,2) will result in a #NAME error because
"Expenses" is not a horizontal lookup reference.
=HLOOKUP(2016,B2:D4,2) will reference the Revenue line rather than the
expenses line because the third argument references the row 2 in the table array.
Identify the commands to insert a comment and delete a comment
1)Alt e m 2) Alt e m
