The SUM Function

question 51

Multiple Choice

The SUM function

• A) identifies the midpoint value in a set of values.
• B) calculates the total of values contained in two or more cells.
• C) calculates the arithmetic mean or average of values in a range.
• D) displays the lowest value in a range.

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Definitions:

Balances

The amounts of money recorded in financial accounts, reflecting the difference between credits and debits.

Reported

Information or data that has been formally communicated or disclosed, often referring to financial performance or events.

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, calculated by dividing its total debt by its total assets.