CFI-Excel-eBook

Recommendations

Info

The Corporate Finance Institute ExcelRANKRank a number against a range ofnumbersnumber array orderWhat is the RANK Function?The RANK Function is categorized as a Statistical function. The function returnsthe statistical rank of a given value within a supplied array of value. Thus, itdetermines the position of a value in an array.Formula=RANK(number,ref,[order])The RANK function uses the following arguments:1. Number (required argument) – It is the value for which we need to find therank.2. Ref (required argument) – It can be a list of or an array of or reference tonumbers3. Order (optional argument) – It is a number that specifies how the rankingwill be done (ascending or descending order).• 0 – Is used for descending order• 1 – is used for ascending order• If we omit the argument, it will take a default value of 0 (descendingorder). It will take any non-zero value as the value 1 (ascendingorder).Before we proceed, we need to know that the RANK function’s been replacedby RANK.EQ and RANK.AVG. To enable backward compatibility, RANK stillworks in Excel 2016 (latest version), but it may not be available in future. If youtype this function in Excel 2016, it will show a yellow triangle with anexclamation point.How to use the RANK Function in Excel?As a worksheet function, RANK can be entered as part of a formula in a cell of aworksheet. To understand the uses of the function, let’s consider a fewexamples:corporatefinanceinstitute.com198
The Corporate Finance Institute ExcelExample 1Assuming we are given a list of employees with their respective medicalreimbursement expenses. We wish to rank them according to totalexpenditure.To rank in descending order, we will use the formula=RANK(B2,($C$5:$C$10),0), as shown below:corporatefinanceinstitute.com199
Page 1 and 2:
The Corporate Finance InstituteExce
Page 3 and 4:
The Corporate Finance Institute Exc
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148: The Corporate Finance Institute Exc
Page 197: The Corporate Finance Institute Exc
show all

CFI-Excel-eBook

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?