Question

When you create a new named range, what can you do if you want to amend all current formulas using a range identical to that named range you've just created?

Options:
Option 1: Use the REPLACE function
Option 2: Manually update each formula
Option 3: Excel will update them automatically
Option 4: Use the INDIRECT function

Answer 1

When creating a new named range in Excel, you have options to amend formulas referencing that named range. You can use the REPLACE function, update formulas manually, rely on Excel's automatic updates, or utilize the INDIRECT function. Choose the method that suits your needs best.

Step-by-step explanation:

When you create a new named range in Excel, you have a few options to amend all current formulas using that named range:

1. Option 1: Use the REPLACE function to replace the old range references with the new named range. This method requires some knowledge of Excel formulas and can be time-consuming if you have many formulas to update.
2. Option 2: Manually update each formula by editing it to reference the newly created named range. This method gives you full control but may be tedious if you have numerous formulas to update.
3. Option 3: Excel will update them automatically if the named range is used in the formulas. Excel will reflect the changes in the named range across the formulas. This is the most convenient option if you want Excel to handle the updates for you.
4. Option 4: Use the INDIRECT function in your formulas to indirectly reference the named range. This can be useful if you want to be able to change the named range reference without manually editing the formulas.

Choose the method that best suits your needs and familiarity with Excel functions.