CFI-Excel-eBook

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The Corporate Finance Institute Excel8. LEN and TRIMFormulas: =LEN(text) and =TRIM(text)These are a little less common, but certainly very sophisticated formulas.These applications are great for financial analysts that need to organize andmanipulate large amounts of data. Unfortunately, the data we get is notalways perfectly organized and sometimes there can be issues like extraspaces at the beginning or end of cellsIn the example below, you can see how the TRIM formula cleans up the Exceldata.corporatefinanceinstitute.com36
The Corporate Finance Institute Excel9. CONCATENATEFormula: =A1&” more text”Concatenate is not really a function on its own, it’s just an innovative way ofjoining information from different cells, and making worksheets more dynamic.This is a very powerful tool for financial analysts performing financial modeling(see our free financial modeling guide to learn more).In the example below, you can see how the text “New York” plus “, “ is joinedwith “NY” to create “New York, NY”. This allows you to create dynamic headersand labels in worksheets. Now, instead of updating cell B8 directly, you canupdate cells B2 and D2 independently. With a large dataset this is a valuableskill to have at your disposal.corporatefinanceinstitute.com37
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