What do you have the ability to do when you use Excel?

Question

What will be an ideal response?

Answer 1

• Enter data quickly and accurately: With Excel, you can enter information faster and more accurately than with pencil and paper.

• Recalculate data easily: Fixing typing errors or updating data is easy in Excel.

• Perform what-if analysis: The ability to change data and quickly view the recalculated results gives you the power to make informed business decisions. Any time you use a worksheet to ask the question "What if?" you are performing what-if analysis. Excel also includes a Scenario Manager where you can name and save different what-if versions of your worksheet.

• Change the appearance of information: Excel provides powerful features, such as the Quick Analysis tool, for making information visually appealing and easier to understand. Format text and numbers in different fonts, colors, and styles to make it stand out.

• Create charts: Excel makes it easy to create charts based on worksheet information. Charts are updated automatically in Excel whenever data changes.

• Share information: You can collaborate in Excel using the company intranet, the Internet, or a network storage device. You can also take advantage of collaboration tools such as shared workbooks, so that multiple people can edit a workbook simultaneously.

• Build on previous work: Instead of creating a new worksheet for every project, it's easy to modify an existing Excel worksheet. You can also use predesigned, formatted files called templates to create new worksheets quickly. Excel comes with many templates that you can customize.