A B C D E F G H

1 Client Company Price/Share Shares Held Value Sell At

2 Turner Hiabuv Toys $120.00 50 $6,000.00 $125.00
3 Case Tailspin Toys $89.75 120 $10,770.00 $200.00
4 Conroy Hiabuv Toys $120.00 20 $2,400.00 $175.00
5 Beauvoir Mightyflight Toys $178.00 50 $8,900.00 $250.00
6 Turner Mightyflight Toys $178.00 200 $35,600.00 $300.00
7 Lucas Peck n Order Toys $65.25 50 $3,262.50 $95.00
8 Case Hiabuv Toys $120.00 100 $12,000.00 $115.00 Sell!
9 Finn Tailspin Toys $89.75 80 $7,180.00 $90.00
10 Beauvoir Peck n Order Toys $65.25 400 $26,100.00 $80.00
11
12
13 How to Use this Sample Workbook $10,770.00
14 This workbook contains a variety of formulas that use the IF function. Many of the formulas
15 also include other functions, such as the AND, OR, SUM, AVERAGE, and COUNT functions.
16
Column H contains the sample formulas. To see all the formulas, scroll through this
17 workbook. Cells with light green backgrounds contain valid formulas; cells with aqua
18 backgrounds contain invalid formulas or formulas that demonstrate another way (but not
necessarily the best way) to perform the same task.
19
20 You can make changes to the values in the above table, and you can also experiment with
the formulas in column H. However, it is recommended that you do not save changes to this Good!
21 workbook. If you must save changes, click Save As on the File menu and give the file a new
22 name before you save it.
23
24
25
26
27
28
29
30 Good!
31
32 Good!
33
34
35
36
37
38
39
40
41
42
43
44 Good!
45
46 Good!
47
48
49
 A B C D E F G H
50
51
52
53
54
55
56
57
58 Good!
59
60 Good!
61
62
63
64
65
66
67
68
69
70
71 Good!
72
73
74
75
76
77
78
79
80
81
82
83 $41,600.00
84
85 #N/A
86
87
88
89
90
91
92
93
94
95
96 $22,770.00
97
98
 A B C D E F G H
99
100
101
102
103
104
105
106
107
108
109
110 2
111
112 2
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127 2
128
129
130
131
132
133
134
135
136
137
138
139
140 56.6666666667
141
142 17
143
144
145
146
147
 A B C D E F G H
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163 120
164
165 200
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184 420
185
186 50
187
188
189
190
191
192
193
194
195
196
 I J K L M N
1
2 Example 1: Simple IF Formula
3 The formula in cell H2 displays "Sell!" if
4 the value in cell C2 is greater than or
5 equal to the value in cell F2.
6 The formula has been filled down into
7 cells H3:H10. Note that because cell C8
contains a value that is greater than the
8 value in cell F8, cell H8 displays the text
9 string "Sell!"
10
11
12
13 Example 2: Simple IF Formula
14 The formula in cell H13 displays the
15 greater of the values in cells E2 and E3.
16 Because cell E3 contains a greater value,
that value is displayed.
17
18
19
20
21 Example 3: Longer IF Formula
22 The formula in cell H21 displays either
23 "Great!," "Good!," "OK," or "Bad!"
24 depending on the value in cell C2.
Because C2 has a value of $120.00, the
25 formula returns "Good!"
26
27
28
29
30 Examples 4 and 4a: Using AND with IF
31 in a Formula

32 The formula in cell H30 displays the word

33 "Good!" if both conditions in the AND
function are true. Otherwise, the word
34 "Bad!" is displayed.
35
Note that the formula in cell H32 does not
36 use the AND function. Because of this, the
37 formula is slightly more complicated and
38 more difficult to understand.

39
40
41
42
43
44 Examples 5 and 5a: Using OR with IF in
45 a Formula

46 The formula in cell H44 displays the word

47 "Good!" if either of the conditions in the
OR function are true. Otherwise, the word
48 "Bad!" is displayed.
49
Note that the formula in cell H46 does not
use the OR function. Because of this, the
formula is slightly more complicated and
more difficult to understand.
 Examples 5 and 5a: Using OR with IF in
a Formula

The formula in cell H44 displays the word

"Good!" if either of the conditions in the
OR function are true. Otherwise, the word
"Bad!" is displayed.
I J K L M N
Note that the formula in cell H46 does not
50 use the OR function. Because of this, the
51 formula is slightly more complicated and
more difficult to understand.
52
53
54
55
56
57
58 Examples 6 and 7: Using Boolean
Operators with the IF Function
59
60 The formula in cell H58 uses the "*"
61 Boolean operator in place of the AND
function. Functionally, this formula is
62 identical to the formula in cell H44.
63
The formula in cell H60 uses the "+"
64 Boolean operator in place of the OR
65 function. Functionally, this formula is
identical to the formula in cell H46.
66
67
68
69
70
71 Example 8: A More Complicated
Example of Boolean Operators and the
72 IF Function
73
74 The formula in cell H71 uses both the "*"
and "+" Boolean operators in place of the
75 AND and OR functions.
76
To make the formula return "Bad!,"
77 change either of the values in cells D2
78 and D3.
79
80
81
Examples 9 and 9a: Proper and
82 Improper Array Formulas
83
84 The array formula in cell H83 refers to two
ranges that both contain the same number
85 of cells, so the formula returns a valid
86 result. The array formula in cell H85 refers
to two ranges that contain a different
87 number of cells, so the formula returns an
88 error value.
89 Note After you modify an array formula,
90 click after the formula and press
91 CTRL+SHIFT+ENTER (under Windows)
or COMMAND+ENTER.
92
93
94
95
96 Example 10: A Simple Array Formula
97 Using SUM and IF (a SUM-IF Formula)

98 The array formula in cell H96 checks each

cell in the range A1:A10 to see if it
contains the text string "Case." For each
cell that contains this string, the matching
cell in the range E1:E10 is added to the
total.

This allows you to calculate the value of

Case's portfolio.
 Example 10: A Simple Array Formula
Using SUM and IF (a SUM-IF Formula)

I J K formula inLcell H96 checks

The array M each N
99 cell in the range A1:A10 to see if it
contains the text string "Case." For each
100 cell that contains this string, the matching
101 cell in the range E1:E10 is added to the
total.
102
103 This allows you to calculate the value of
Case's portfolio.
104
105
106
107
108
109
110 Examples 11 and 11a: More Simple
Array Formulas Using SUM and IF (a
111 SUM-IF Formula)
112
113 The array formula in cell H110 checks
each cell in the range A1:A10 to see if it
114 contains the text string "Turner." For each
115 cell that contains this string, 1 is added to
the total.
116
117 This allows you to count the number of
cells in a range that contain a specified
118 value or text string.
119
120 The array formula in cell H112 returns
exactly the same value, since adding zero
121 to a total doesn't change the total.
122
123
124
125
126
127 Example 12: Using COUNT and IF in an
128 Array Formula

129 The array formula in cell H127 counts the

130 number of cells in the range B1:B10 that
contain the text string "Mightyflight Toys."
131
132 Note Adding ",0" to this formula causes it
to return an incorrect result! Be careful
133 when you add ",0" to an array formula.
134
135
136
137
138
139
140 Examples 13 and 13a: Using AVERAGE
141 and IF in an Array Formula

142 The array formula in cell H140 checks

143 each cell in the range B1:B10 to see if it
contains the text string "Hiabuv Toys." If it
144 does, the matching cell in the range
145 D1:D10 is added to the AVERAGE
function. As a result, the formula returns
146 the average number of shares in all
147 Hiabuv Toys portfolios. There are three
Hiabuv Toys portfolios that contain a
combined total of 170 shares, so the
average is 170/3, or 56.6667 shares.

The array formula in cell H142 does the

same thing, but because it contains ",0" it
returns the average number of Hiabuv
Toys shares in all portfolios. 170/10 = 17.
 and IF in an Array Formula

The array formula in cell H140 checks

each cell in the range B1:B10 to see if it
contains the text string "Hiabuv Toys." If it
does, the matching cell in the range
D1:D10 is added to the AVERAGE
function. As a result, the formula returns
the average number of shares in all
I J HiabuvK Toys portfolios.
L There are three
M N
Hiabuv Toys portfolios that contain a
148 combined total of 170 shares, so the
149 average is 170/3, or 56.6667 shares.
150
The array formula in cell H142 does the
151 same thing, but because it contains ",0" it
152 returns the average number of Hiabuv
Toys shares in all portfolios. 170/10 = 17.
153
154
155
156
157
158
159
160
161
162
163 Examples 14 and 15: Using MAX/MIN
and IF in an Array Formula
164
165 The array formula in cell H163 checks
166 each cell in the range B1:B10 to see if it
contains the text string "Tailspin Toys."
167 The MAX function is then applied to the
168 matching cells in the range D1:D10, and
the largest value is returned. So, the
169 formula returns the largest number of
170 shares in any of the Tailspin Toys
portfolios.
171
172 The array formula in cell H165 checks
173 each cell in the range D1:D10 to see if its
value is greater than 150. The MIN
174 function is then applied to all such values.
175 So, the formula returns the smallest value
in the range D1:D10 that is greater than
176 150.
177
178
179
180
181
182
183
184 Examples 16 and 17: Using Boolean
185 Operators, SUM, and IF in an Array
Formula
186
187 The array formula in cell H184 uses the
"+" Boolean operator to check each cell in
188 the range B1:B10 for the text strings
189 "Hiabuv Toys" OR "Mightyflight Toys." For
each cell that contains either of these two
190 strings, the matching cell in D1:D10 is
191 added to the result. Therefore, the formula
192 returns the combined number of Hiabuv
Toys and Mightyflight Toys shares owned
193 by all of your clients.
194
The array formula in cell H186 uses the
195 "*" Boolean operator to determine how
196 many shares of Hiabuv Toys are owned
by Turner.
 strings, the matching cell in D1:D10 is
added to the result. Therefore, the formula
returns the combined number of Hiabuv
Toys and Mightyflight Toys shares owned
by all of your clients.

The array formula in cell H186 uses the

"*" Boolean operator to determine how
I J manyKshares of Hiabuv
L Toys are owned
M N
by Turner.
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