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"IF" statements for text and numbers for financial summary

  1. 10-07-2013, 01:33 PM #1
    amartino44
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    "IF" statements for text and numbers for financial summary

    I have attached a spreadsheet. I would like to create the following sentence based on the numbers in the spreadsheet. I have problems with creating the If statements and the text. The numbers can be negative or positive depending on the results and this changes the words in the sentence. Thanks

    Our company reported a 20.8 Pretax profit (loss) for September which is 1.5 more (lower) than prior year and 3.6 higher (below) prior year.
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  2. 10-07-2013, 01:53 PM #2
    Ace_XL
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    Re: "IF" statements for text and numbers for financial summary

    Try

    ="Our company reported a "&TEXT(ABS(B3),"0.0")&" Pretax "&IF(B3>=0,"profit","loss")&" for "&A1&" which is "&TEXT(ABS(C4),"0.0")&" "&IF(C4>=0,"more","lower") &" than prior year and "&TEXT(ABS(D4),"0.0")&" "&IF(D4>=0,"higher","below")&" prior year. "
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  3. 10-07-2013, 01:57 PM #3
    FDibbins
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    Re: "IF" statements for text and numbers for financial summary

    Try this 1...
    ="Our company reported a "&ABS(B3)&" Pretax "&IF(B3>0,"profit","loss")&" for "&$A$1&" which is "&ABS(C4)&IF(C4>0," more"," lower")&" than prior year and "&ABS(D4)&IF(D4>0," higher"," below")&" prior year."
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  4. 10-07-2013, 01:59 PM #4
    AlKey
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    Re: "IF" statements for text and numbers for financial summary

    Try this

    ="Our company reported a "&TEXT(B3,"#.0")&" Pretax profit (loss) for September which is "&TEXT(C4,"#.0")&" more (lower) than prior year and "&TEXT(D4,"#.0")&" higher (below) prior year."
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  5. 10-07-2013, 02:09 PM #5
    FDibbins
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    Re: "IF" statements for text and numbers for financial summary

    AlKey, I think they want to have either more OR lower, depending on the value?
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  6. 10-07-2013, 02:20 PM #6
    AlKey
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    Re: "IF" statements for text and numbers for financial summary

    Quote Originally Posted by FDibbins View Post
    AlKey, I think they want to have either more OR lower, depending on the value?
    Yea, I forgot about that. I will blame it on my ADD
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  7. 10-07-2013, 02:50 PM #7
    sktneer
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    Re: "IF" statements for text and numbers for financial summary

    Please see the attached workbook. I hope it works as per your requirement.
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