CFI-Excel-eBook

The Corporate Finance Institute Excel
Example 1 – Using IFS with ELSE
Let’s assume we have a list of items and we need to classify them under three
common headings: Vegetable, Fruit, Green Vegetable and Beverage. When we
use the IFS function and give the formula
=IFS(A2=”Apple”,”Fruit”,A2=”Banana”,”Fruit”,A2=”Spinach”,”Green
Vegetable”,A2=”coffee”,”Beverage”,A2=”cabbage”,”Green
Vegetable”,A2=”capsicum”,”Vegetable”)
Then, we will get the following result:
In this example, we have entered multiple logical tests in the IFS function.
When a logical test evaluates to TRUE, the corresponding value will be
returned. However, if none of the logical tests evaluate to TRUE, then IFS
function would give #N/A error. This is what we got for Pepper in B8.
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