Question

In the current cell, use the Average Function to calculate the average quarterly revenue for the Fiscal Year. (For purposes of this test, do not use the Insert Function Wizard (fx).

Answer 1

To calculate average quarterly revenue, use the AVERAGE function in Excel with the formula =AVERAGE(first_cell:last_cell) in the cell where you want the result. Replace first_cell and last_cell with the actual cell range containing the quarterly revenue data.

Step-by-step explanation:

To calculate the average quarterly revenue for the fiscal year, you need to find the cells that contain the revenue data for each quarter. Assuming that this data is provided in a row or a column, you will use the AVERAGE function in Excel. Here is a step-by-step approach:

Select the cell where you want the average to be displayed.

Type in the formula =AVERAGE(first_cell:last_cell), where first_cell and last_cell represent the range of cells that contain the quarterly revenue data.

Press Enter to view the calculated average.

For example, if the quarterly revenues are in cells B2:E2, you would type =AVERAGE(B2:E2) into the cell where you want the average to appear, then press Enter.