Question: in excel, how do you calculate a ratio using multiple if statements embeded in another if statement. Example, you have to calculate the effective tax

in excel, how do you calculate a ratio using multiple if statements embeded in another if statement. Example, you have to calculate the effective tax rate from a financial statement, which is tax expense divided by pretax income. The ratio needs to be between

0

and

1 .

How do we avoid the formula from showing negative percentages and percentages above

100 % ?

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