Exploring Microsoft Excel 2016, Session 1

This set of exercises mirrors the hands-on exercises throughout this chapter, following the
same steps as the textbook exercises but based on a different scenario. It may be useful for in-
class demonstration.

Flying W Farm & Ranch

As the sales manager for Flying W Farm & Ranch, you have been asked to
calculate the retail price, sales price, and profit margin for selected items on
sale this month. You will calculate sales prices based on discount rates from
10% to 25%. After creating the initial pricing spreadsheet, you will change
values and see that the formulas update the results automatically. After
inserting formulas, you will format the data in the worksheet.

Hands-On Exercise 1: Introduction to Spreadsheets

You will create a worksheet that shows the cost, the markup percentage, and the retail selling
price of six products on sale this month. You will also list the discount percentage for each
product, the sale price, and the profit margin percentage.
Steps:
1. Enter Text
a. Open e01_script_data and save it as e01_script_LastFirst.
b. Type the following into cells A5 through A10:
All-Purpose Saddle Pad
100% Mohair Roper Cinch
Horse Bale Feeder
Bale Netwrap
Tube Gate, 14 ft., Green
Automatic Gate Opener
c. Save the workbook.
2. Use Auto Fill to Complete a Sequence
a. Click cell B5, type 101, and then press Ctrl+Enter.
b. Position the pointer on the fill handle in the bottom-right corner of cell B5.
c. Double-click the cell B5 fill handle.
d. Click Auto Fill Options and select Fill Series. Save the workbook.
3. Enter Values
a. Type the following into cells C5 through C10:
50
53
200
132
120
150
b. Type the following into cells D5 through D10:
0.38
0.5
0.9
0.745
0.45
1
c. Save the workbook.
4. Enter a Date and Clear Cell Contents
a. Click cell A2, type 10/1, and then press Enter.
b. Click cell A2, click Clear in the Editing group on the Home tab, and then select Clear All.
c. Type 10/1/2018 in cell A2 and press Ctrl+Enter. Save the workbook.

Hands-On Exercise 2: Mathematical Operations and Formulas

In the previous exercise, you entered text, values, and a date. Now you will insert formulas to fill
in the missing results. Your formulas will use cell references, so when you change a referenced
value, the results will update automatically.
Steps:
1. Use Cell References in a Formula and Apply the Order of Operations
a. Open e01_script_LastFirst if you closed it at the end of the previous exercise.
b. Click cell E5, and type =C5*(1+D5).
c. Click Enter (between the Name Box and the Formula Bar) and view the formula in the
Formula Bar to check for accuracy.
d. Position the pointer on the cell E5 fill handle. When the pointer changes from a white
plus sign to a thin black plus sign, double-click the fill handle.
e. Click cell E6, the cell containing the first copied retail price formula, look at the Formula
Bar, and then save the workbook.
2. Use Semi-Selection and Apply the Order of Operations to Create a Formula
 a. Click cell G5, type =, click cell E5, type -, click cell E5, type *, and then click cell F5. Press
Ctrl+Enter to keep the current cell the active cell.
b. Click cell G5, type =E5-(E5*F5), and then click Enter.
c. Double-click the cell G5 fill handle to copy the formula down column G.
d. Click cell G6, the cell containing the first copied sale price formula, view the Formula Bar,
and then save the workbook.
3. Use Cell References in a Formula and Apply the Order of Operations
a. Click cell H5, type =(G5-C5)/G5, and then press Ctrl+Enter.
b. Double-click the cell H5 fill handle to copy the formula down column H.
c. Click cell H6, the cell containing the first copied sale price formula, view the Formula Bar,
and then save the workbook.
4. Display Cell Formulas
a. Click cell C5, type 55, and then press Enter.
b. Click cell D6, type 0.75, and then press Enter.
c. Click cell F7, type 0.15, and then press Ctrl+Enter.
d. Press Ctrl+` to display formulas and the press Ctrl+` again once students have had a
chance to view the formulas. Save the workbook.

Hands-On Exercise 3: Worksheet Structure and Clipboard Tasks

You want to insert a column to calculate the amount of markup and delete a row containing
data that you no longer need. You need to adjust the column width in order to see the column
labels. You also realize that you left off a product. Because it is almost identical to an existing
product, you will copy the original data and edit the copied data to save time.
Steps:
1. Insert a Column and Rows
a. Open e01_script_LastFirst if you closed it at the end of the previous exercise.
b. Click cell H5 (or any cell in Column H), click the Insert arrow in the Cells group, and select
Insert Sheet Columns.
c. Click cell H4, type Profit Amount, and then press Enter.
d. Ensure the active cell is cell H5. Type =G5-C5 and press Enter. Double-click the cell H5 fill
handle.
e. Right-click the row 5 heading and select Insert from the shortcut menu.
f. Click cell A5, type Pets & Livestock, and press Ctrl+Enter. Click Bold in the Font group on
the Home tab and save the workbook.
g. Right-click the row 9 heading and select Insert from the shortcut menu.
h. Click cell A9, type Farm & Ranch, and press Ctrl+Enter. Click Bold in the Font group on the
Home tab and save the workbook.
2. Delete a Row and Hide a Column
 a. Click cell A10 (or any cell on row 10), the row that contains the Bale Netwrap data.
b. Click the Delete arrow in the Cells group and select Delete Sheet Rows.
c. Click the column B heading.
d. Click Format in the Cells group point to Hide & Unhide, and then select Hide Columns.
Save the workbook.
3. Adjust Column Width and Row Height
a. Point to the right border of column A. When the pointer looks like a double-headed arrow
with a solid black vertical line, double-click the border.
b. Drag the right border of column A to the right until the ScreenTip displays Width: 24.00
(173 pixels). Release the mouse button.
c. Click cell A1, click Format in the Cells group, and then select Row Height.
d. Type 30 in the Row height box and click OK. Save the workbook.
4. Select a Range and Move a Range to a New Location
a. Right-click the row 9 heading and select Insert from the menu.
b. Select the range A12:I12.
c. Click Cut in the Clipboard group.
d. Click cell A9, click Paste in the Clipboard group, and then save the workbook.
5. Copy and Paste a Range
a. Select the range A11:I11 and click Copy.
b. Click cell A12, click Paste, and then press Esc.
c. Click cell A12, press F2 to activate Edit mode, press Home, type Utility, press Spacebar,
and then press Enter.
d. Change the value in cell C12 to 200. Save the workbook.
6. Use Paste Special
a. Click cell A1. Change the font size to 14, click Bold, click the Font Color arrow in the Font
group, and then select Orange, Accent 2, Darker 50%.
b. Select the range A1:I12 and click Copy.
c. Click cell A15, the top-left corner of the destination range.
d. Click the Paste arrow in the Clipboard group and point to Formulas, the second icon from
the left in the Paste group.
e. Position the pointer over Values & Source Formatting, the first icon from the right in the
Paste Values group.
f. Click Values & Source Formatting, click cell H6 to see a formula, and then click cell H20.
Press Esc to turn off the border. Save the workbook.
Hands-On Exercise 4: Worksheet Formatting
You have entered data, created formulas, and inserted new rows and columns. You are now
ready to format the worksheet.
Steps:
1. Apply a Cell Style and Merge and Center the Title
a. Open e01_script_LastFirst if you closed it at the end of the previous exercise.
b. Select the range A15:I26 and press Delete.
c. Select the range A1:I1, click Cell Styles in the Styles group on the Home tab, and then click
Heading 1.
d. Click Merge & Center in the Alignment group.
e. Select the range A2:I2 and click Merge & Center. Save the workbook.
2. Change Cell Alignment
a. Select the range A4:I4 to select the column labels.
b. Click Wrap Text in the Alignment group.
c. Click Center in the Alignment group and click Bold in the Font group to format the
selected headings.
d. Click cell A1, click Middle Align in the Alignment group, and then save the workbook.
3. Increase Indent
a. Select the range A6:A9, the cells containing Pets & Livestock products labels.
b. Click Increase Indent in the Alignment group twice.
c. Select the range A11:A12, the cells containing Farm & Ranch products labels, and then
click Increase Indent twice.
d. Increase the column A width to 29.00. Save the workbook.
4. Apply a Border and Fill Color
a. Select the range A4:I4 and click the Fill Color arrow in the Font group.
b. Click Orange, Accent 2, Lighter 80% in the Theme Colors section (second row, sixth
column).
c. Select the range F4:G12, click the Border arrow in the Font group, and then select Thick
Outside Borders.
d. Click in an empty cell below the columns of data to deselect the cells. Save the workbook.
5. Apply Number Formats and Increase and Decrease Decimal Places
a. Select the range C6:C12. Press and hold Ctrl as you select the ranges E6:E12 and G6:H12.
b. Click Accounting Number Format in the Number group. Increase the column widths if
some cells display pound signs.
c. Select the range D6:D12, click the Percent Style in the Number group, and then click
Increase Decimal in the Number group.
d. Apply Percent Style to the range F6:F12.
 e. Select the range I6:I12, apply Percent Style, and then click Increase Decimal.
f. Select the range F6:F12, click Align Right, and then click Increase Indent twice. Select the
range I6:I12, click Align Right, and then click Increase Indent. Save the workbook.

Exploring Microsoft Excel 2016, Session 2

This set of exercises mirrors the hands-on exercises throughout this chapter, following the
same steps as the textbook exercises but based on a different scenario. It may be useful for in-
class demonstration.
RELE 1318 Real Estate Finance

This semester, you are enrolled in Real Estate Finance at a local community
college. Your professor has provided you with an Excel workbook dealing
with the following loan data: loan number, house cost, down payment,
mortgage rate, and the length of the loan in years. Your assignment is to
calculate the amount financed, the periodic interest rate, the total number
of payment periods, the percent of the house cost that is financed, and the
payoff year for each loan. You will also calculate some summary statistics.
Hands-On Exercise 1: Formula Basics
You are to use a workbook containing data for five mortgages. Your professor has provided the
house cost, down payment, mortgage rate, number of years to pay off the mortgage, and the
financing date for each mortgage.
Steps:
1. Use a Relative Cell Reference
a. Open e02_script_data and save it as e02_script_LastFirst.
b. Click cell D8 in the Details sheet. Type = and click cell B8, the cell containing the first
borrower’s house cost.
c. Type - and click cell C8, the cell containing the down payment by the first borrower.
d. Click Enter to complete the formula.
e. Double-click the cell D8 fill handle.
f. Click cell D9 and view the formula in the Formula Bar. Save the workbook.
2. Use an Absolute Cell Reference
a. Click cell F8. Type =E8/B5 and click Enter.
b. Double-click the cell F8 fill handle, click cell F9, and then view the results.
c. Click Undo to undo the AutoFill process. With F8 as the active cell, click to the right of B5
in the Formula Bar.
d. Press F4 and click Enter.
e. Double-click the fill handle to copy the formula down the Rate Per Period column. Click
cell F9 and view the formula in the Formula Bar. Save the workbook.
3. Use a Mixed Cell Reference
a. Click cell H8 and type =G8*B5.
b. Press F4 to make the B5 cell reference absolute and click Enter.
c. Copy the formula down the # of Pmt Periods column.
d. Ensure the cell H8 is the active cell and click Undo to undo the copied formulas.
e. Click within the $B$5 cell reference in the Formula Bar. Press F4 to change the cell
reference to a mixed cell reference: B$5. Press Ctrl+Enter and copy the formula down the #
of Pmt Periods column. Click cell H9. Save the workbook.
Hands-On Exercise 2: Function Basics
Your Real Estate Finance worksheet contains an area in which you will enter summary statistics.
You will also include the current date.
Steps:
1. Use the SUM Function
a. Open e02_script_solution.
b. Ensure that the Details worksheet is active and click cell B16, the cell where you will enter
a formula for the total house cost.
c. Click AutoSum in the Editing group on the Home tab.
d. Select the range B8:B12, the cells containing the house costs. Click Enter. Save the
workbook.
2. Use the AVERAGE Function
a. Click the Formulas tab and click cell B17, the cell where you will display the average cost
of the houses.
b. Click the AutoSum arrow in the Function Library group and select Average.
c. Select the range B8:B12, the cells containing the house costs. Press Enter, making cell B18
the active cell. Save the workbook.
3. Use the MEDIAN Function
a. Ensure that B18 is the active cell. Click Insert Function between the Name Box and the
Formula Bar, or in the Function Library group on the Formulas tab.
b. Type median in the Search for a function box and click Go.
c. Read the MEDIAN function description and click OK.
d. Click Collapse Dialog Box to the right of the Number 1 box.
e. Select the range B8:B12 and click Expand Dialog Box in the Function Arguments dialog
box. Click OK to accept the function arguments and close the dialog box. Save the workbook.
4. Use the MIN, MAX, and COUNT Functions
a. Click cell B19, the cell to display the cost of the lowest-costing house.
b. Click the AutoSum arrow in the Function Library group, select MIN, select the range
B8:B12, and then press Enter.
c. Click cell B20. Click the AutoSum arrow in the Function Library group, select MAX, select
the range B8:B12, and then press Enter.
d. Click cell B21. Type =COUNT(B8:B12) and press Enter.
e. Select the range B16:B21.
f. Drag the fill handle to the right by two columns to copy to the range C16:D21. Click cell
D21.
g. Click cell B9, change the cell value to 360000, and click Enter. Save the workbook.
5. Use the TODAY Function
a. Click cell B4, the cell to contain the current date.
b. Click Date & Time in the Function Library group, select TODAY to display the Function
Arguments dialog box, and then click OK to close the dialog box.
c. Select the range B4:B7, click the Format arrow from the Cells group on the Home tab and
then select AutoFit Column Width. Save the workbook.
Hands-On Exercise 3: Logical, Lookup, and Financial Functions
Your professor wants you to complete another model for future mortgage data analysis that
includes logical, lookup, and financial functions.
Steps:
1. Use the VLOOKUP Function
a. Open e02_script_solution.
b. Click the Payment Information worksheet tab. Click cell G10, the cell that will store the
APR for the first customer.
c. Click the Formulas tab, click Lookup & Reference in the Function Library group, and then
select VLOOKUP.
d. Ensure that the insertion point is in the Lookup_value box, click the Collapse Dialog Box,
click cell F10 to enter F10 in the Lookup_value box, and then click Expand Dialog Box to
return to the Function Arguments dialog box.
e. Press Tab, click Collapse Dialog Box to the right of the Table_array box, select the range
D4:E6, and then click Expand Dialog Box to return to the Function Arguments dialog box.
f. Press F4 to make the range references absolute.
g. Press Tab and type 2 in the Col_index_num box.
h. Press Tab and type False in the Range_lookup box. Click OK.
i. Copy the formula down the column. Save the workbook.
2. Use the PMT Function
a. Click cell H10, the cell that will store the payment for the first customer.
b. Click Financial in the Function Library group, scroll through the list, and then select PMT.
c. Type G10/B5 in the Rate box.
d. Press F4 to make the reference to cell B5 absolute.
e. Press Tab and type F10*$B$5 in the Nper box.
f. Press Tab and type -D10 in the Pv box. Click OK.
g. Copy the formula down the column. Save the workbook.
3. Use the IF Function
a. Click cell I10, the cell that will store the PMI, if any, for the first customer.
b. Click Logical in the Function Library group and select IF.
c. Type E10>=$B$7 in the Logical_test box.
d. Press Tab and type 0 in the Value_if_true box.
e. Press Tab and type D10*$B$6/$B$5 in the Value_if_false box.
f. Click OK and copy the formula down the column.
g. Set the worksheets to print on one page. Add a footer with your name on the left, sheet
code in the middle, and the file name code on the right. Save and close the workbook.