Instructions

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Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy$/$paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section.

Start Excel. Download and open the workbook named:

Berk$\_$DeMarzo$\_$Harford$\_$Problem$\_2-9\_$Start.

In cell D$11,$ by using cell references, calculate the growth rate in revenues for $2016.$

To calculate the growth rate in revenues for $2017-2019,$ copy cell D$11$ and paste it onto cells E$11$:G$11.$

In cell D$16,$ by using cell references, calculate the growth rate in net income for $2016.$

To calculate the growth rate in net income for $2017-2019,$ copy cell D$16$ and paste it onto cells E$16$:G$16.$

Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed.