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Excel | Range names exercise | Forecast - Using Range Names in Formulae
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Open the file in folder shown above.
Create range names for the growth, wages and utilities %figures (Hint: there is a quick menu option that can do all 3 together for you).
Remember you can press F3 to see a list of names for your formulae
Create a formulae in cell C4 that calculates the projected sales and uses the range name for Growth (see next page for help with the formula).
Create a formula in cell C5 that calculates the projected Direct Costs and uses the range name for Wages inc (see below for help with the formula).
Create a formula in cell C6 that calculates the projected Indirect Costs and uses the range name for Utilities inc (see below for help with the formula).
Create a formula in cell C7 that calculates the Basic Profits. Use the following to help you with each formula:
Projected Sales = This Year Sales * Growth%
Projected Direct Costs = This Year Direct Costs * Wages inc%
Projected Indirect Costs = This Year Indirect Costs * Utilities inc%
Projected Basic Profits = Proj Sales - Proj Direct Costs - Proj Indirect Costs
Check that all the answers change when you change the % figures for the Growth, Wages inc and Utilities inc.
Re-save the file with the same name and close it.