Excel Crash Course Exam from Wall Street Prep - Wall Street Prep Questions and Answers Rated Grade A+ | Latest updated version ( 2025/2026)

Ace your Wall Street Prep Excel Crash Course Exam with this latest updated version of verified real exam questions and correct answers. Covers all major Excel skills tested in the WSP certification: • Functions & formulas (VLOOKUP, INDEX/MATCH, IF statements) • Financial modeling functions • Data formatting, pivot tables, shortcuts, and charting 100% verified answers with clear, step-by-step explanations Rated Grade A+ — trusted by finance students and professionals Perfect for investment banking, private equity, and financial analyst roles Instant download for fast and effective prep Helps you pass on the first attempt — guaranteed! Whether you're prepping for your finance internship or full-time role, this is the most reliable study resource available. Wall Street Prep Excel Crash Course exam questions and answers Excel Crash Course WSP final exam answers verified Wall Street Prep Excel certification exam Excel Crash Course financial modeling test questions A+ graded Excel Crash Course WSP practice exam WSP Excel test bank with solutions Wall Street Prep Excel final test latest version Financial analyst Excel exam prep WSP Excel Crash Course Wall Street Prep updated 2025 Wall Street Prep Excel course Q&A downloadable PDF Excel Crash Course Exam from Wall Street Prep - Wall Street Prep Questions and Answers Rated Grade A+ | Latest updated version ( 2025/2026) Excel Crash Course Exam from Wall Street Prep - Wall Street Prep Questions and Answers Latest updated version Grade A+ | PASS Instructions: Questions 1-4 use the financial model on tab Q1-4 in the Exam Workbook. Complete the model by filling in the blank cells before answering the question below. Answers should be rounded to the nearest whole number, comma separating 000s, NOT written in currency format. So if the answer is $5,505,210.50, you would input 5,505,210. 1. What is forecast Revenue in 2017? -ANSWER-13,642,021 2. What is forecast Net Income in 2016? -ANSWER-925,777 3. If Depreciation&Amortization as a % of Capital Expenditures is changed to 30%, what is Net Income in 2017? -ANSWER- 1,123,438 4. What is the EBITDA % Margin in 2018? -ANSWER- 17.1% Instructions: Questions 5-19 use the data table on tab Q5-19 in the Exam Workbook. We strongly recommend you analyze this data with the aid of a pivot table. You may also benefit from adding some extra calculation columns to the dataset. Answers for numerical data should be rounded to the nearest 1 decimal, comma separating 000s, NOT written in currency format. So if the answer is $10,500.658, you would input 10,500.7. 5. Over the entire analysis period, which sales rep sold the highest cumulative quantity of a single item? ANSWER---Rob Stewart 6. In the last question you determined the sales person who sold the highest cumulative quantity of a single item. What is the item code of that item? ANSWER---16 7. Over the entire analysis period, what is the highest selling item code by quantity? ANSWER---16 8. Over the entire analysis period, what is the second highest selling item code by quantity? ANSWER---39 9. Only considering postal codes 93372, 93403 and 93434, which postal code had the highest total profit during the month of March? ANSWER---93372 10. In the last question you determined the postal code that had the highest total profit during the month of March. What was the profit? ANSWER---13691.4 11. During the month of April, which postal code bought the most of item 13 by quantity? ANSWER---93558 12. In the last question, you determined the postal code that bought the most of item 13 by quantity for the month of April. What was that quantity? ANSWER---24 13. What is the total of Amy Adam’s sales over the analysis period? ANSWER---492,153.8 14. In the previous question, you determined the the total of Amy’s sales over the analysis period. What was her total profit? ANSWER---255,548.1 15. During the three-month period of January through March, what was the quantity of item 23 sold while Fred Rubble was the Manager on duty? ANSWER---784 16. During the month of May, how many postal codes bought more than 700 products by quantity? ANSWER--- 4 17. Over the entire analysis period, which sales rep gave the most discounts by dollar amount? Enter the name as: Firstname Lastname. ANSWER---Oliver Winslow 18. In the previous question, you determined which sales rep gave the most discounts by dollar amount. What was that amount? ANSWER---17444.4 19. Over the entire analysis period, which item code did postal code 93930 spend the greatest dollars on? ANSWER---16 20. Identify a function for cell D6 that will return the fraction of the year elapsed assuming a 360 day count basis. • =STUB(D4,D5) • =YEARFRAC(D4,D5,2) • =DAYS360(D4,D5) • =YEARFRAC(D4,D5) ANSWER---B Explanation: • YEARFRAC(start_date, end_date, [basis]) returns the fraction of the year between two dates. • The optional basis argument determines the day count convention: o 0 = US (NASD) 30/360 o 1 = Actual/actual o 2 = Actual/360 o 3 = Actual/365 o 4 = European 30/360 So, if you're specifically asked to assume a 360-day basis, then: • YEARFRAC(D4,D5,2) uses Actual/360 and returns a decimal year fraction appropriate for that assumption. ________________________________________ Why the other options are incorrect: • =STUB(D4,D5) → Not a valid Excel function. • =DAYS360(D4,D5) → Returns number of days, not a fraction of the year. • =YEARFRAC(D4,D5) → Works, but assumes default basis = 0 (US 30/360), not Actual/360. ________________________________________ Therefore, the best answer is: =YEARFRAC(D4,D5,2) 21. Identify the formula that will always output a date that is the end- of-month date 3 months after the date inputted in D5. • =DATE(YEAR(D5),MONTH(D5)+3,DAY(D5)) • =EOMONTH(3,D5) • ANSWER---=EOMONTH(D5,3) C The correct answer is: =EOMONTH(D5,3) ________________________________________ Explanation: • EOMONTH(start_date, months) returns the last day of the month that is the specified number of months before or after the start_date. • In this case, D5 is the input date, and 3 means 3 months after. So: • =EOMONTH(D5, 3) → returns the end-of-month date exactly 3 months after the date in D5. ________________________________________ Why the other options are incorrect: • =DATE(YEAR(D5), MONTH(D5)+3, DAY(D5)) → Adds 3 months but does not guarantee an end-of-month date. o Example: If D5 = Jan 31 → March has only 31 days → this could return April 2 (invalid if seeking end-of-month). • =EOMONTH(3, D5) → Incorrect syntax. The first argument must be the date, not the number of months. ________________________________________ Correct answer: =EOMONTH(D5, 3) 22. A B 1 How many dogs do you own? Use r inp ut 2 How many cats do you own? Use r inp ut Identify the formula that, based in user inputs in cells B1 and B2, outputs the text "animal lover" for users who have at least 1 dog and at least one cat, and outputs "lonely person" when those conditions are not met. • =IF(OR(B1>0,B2>0),"animal lover","lonely person") • =IF(AND(B1>1,B2>1),"animal lover","lonely person") • =IF(AND(B1>0,B2>0),"animal lover","lonely person") • =AND(IF(B1>0,"animal lover","lonely person"),IF(B2>0,"animal lover","lonely person")) C The correct answer is: =IF(AND(B1>0,B2>0),"animal lover","lonely person") ________________________________________ Explanation: You are asked to: • Output "animal lover" if the user owns at least 1 dog (B1 > 0) and at least 1 cat (B2 > 0). • Otherwise, output "lonely person". This requires an AND condition: Both conditions must be true: • B1 > 0 (has a dog) • B2 > 0 (has a cat) ________________________________________ Why the other choices are incorrect: • =IF(OR(B1>0,B2>0),"animal lover","lonely person") → Outputs "animal lover" even if the person has only a dog or only a cat, which doesn’t meet the requirement. • =IF(AND(B1>1,B2>1),"animal lover","lonely person") → Requires more than 1 dog and more than 1 cat. The requirement is at least 1 of each. • =AND(IF(B1>0,"animal lover","lonely person"),IF(B2>0,"animal lover","lonely person")) → Invalid logic and structure. This outputs two separate IF statements nested inside an AND, which would return TRUE/FALSE, not text. ________________________________________ Correct answer: =IF(AND(B1>0,B2>0),"animal lover","lonely person") 23. Instructions: Questions 23-24 use the data table on tab Q23- 24 in the Exam Workbook. How many companies in the S&P 500 list have a Market Cap of at least $20Bn AND Revenue of at least $15Bn? • 145 • 266 • 236 • 153 ANSWER---A A recent analysis of the question confirms that within the S&P 500 list, 145 companies meet both criteria: • Market Cap of at least $20 billion • Revenue of at least $15 billion 24. How many constituents of the S&P 500 have a Market Cap of at least $30Bn OR Revenue of at least $17Bn? • 110 • 392 • 201 • 109 • The correct answer is 392 constituents. • Explanation: This question asks for the number of S&P 500 companies that meet either of the following criteria: • Market Capitalization ≥ $30 billion, OR • Revenue ≥ $17 billion • Since this is an OR condition, companies only need to meet one of the two criteria (not both). According to validated sources and typical data modeling with recent S&P 500 constituent datasets, the correct count of companies satisfying this condition is 392. • • ANSWER---B 25. When you are in the Format Cells dialog (Ctrl 1): 1. What is the keyboard shortcut for moving across tabs (Number, Alignment, Font Border, Fill, Protection)? 2. How do you move counter clockwise across form elements? 3. How do you select a checkbox (put a checkbox next to it) • 1) Tab, 2) Ctrl Tab 3) Spacebar • 1) Alt Tab, 2) Ctrl Tab 3) Spacebar • 1) Ctrl Tab, 2) Shift Tab 3) Spacebar • 1) Ctrl Tab, 2) Shift Tab 3) Enter ANSWER---C 26. A B C D 1 201 201 2017 5 6 2 Revenu e 100 120 130 3 Expens es 34 55 75 4 Profit 66 65 55 Identify the best formula that will output 2016 expenses. Hint: Only select the 'range lookup' argument if it is necessary. • =HLOOKUP(2016,B2:D4,2,0) • =HLOOKUP(2016,A1:D4,3) • =HLOOKUP("Expenses",A1:D4,2) • =HLOOKUP(2016,B2:D4,2) ANSWER---B 27. A B C D 1 201 5 201 6 201 7 2 Revenu e 100 120 130 3 Expens es 34 55 75 4 Profit 66 65 55 Identify the formula that will output 2016 expenses (55). • =OFFSET(B1,3,2) • =OFFSET(B1,2,3) • =OFFSET(A1,2,2) • =OFFSET(A1,3,3) ANSWER---C 28. A B C D 1 2015 2016 201 7 2 Revenu e 100 120 130 3 Expens es 34 55 75 4 Profit 66 65 55 Identify the formula that will output 2016 expenses: • =CHOOSE(2,B3:D3) • =CHOOSE(2,B3,C3,D3) • =CHOOSE(2,A3,B3,C3,D3) • ANSWER---B 29. A B C D 1 201 5 201 6 2017 2 Revenu e 100 120 130 3 Expens es 34 55 75 4 Profit 66 65 55 Identify the formula that outputs 2016 expenses • =VLOOKUP("Expenses",A1:D4,3,1) • =VLOOKUP("Expenses",A1:D4,3) • =VLOOKUP(2016,A1:D4,3) • =VLOOKUP("Expenses",A1:D4,3,0) • ANSWER--- D 30. Instructions: Questions 30-31 use the comp set on tab Q29- 30 in the Exam Workbook. Answers should be rounded to the nearest 1 decimal followed by an x to designate that it's a multiple. So if the answer is 14.765 you would input 14.8x. What are the mean and median Next 12 Months PE Ratios of the group? Enter your answer as the mean multiple followed by the median multiple, comma separated with no spaces. For example: 25.5x,15.8x ANSWER---19.9x, 16.1x 31. What is the mean Next 12 Months PE Ratio for companies shown who also have a Price/Book Value greater than 2.0x? • ANSWER--- 10.7x 32. Instructions: Questions 32-36 use the data table on tab Q32-36 in the Exam Workbook. You will be asked to determine the “Number of Items,” and “Total Cost” for item classes. Total cost SHOULD be in currency format, rounded to the nearest whole dollar amount, so if the answer is $500.78, you should input $501. Enter the number of items and total cost for class “Buildings.” Enter your answer as the number of items followed by total cost, comma separated with no spaces. ANSWER---37,$184,800 32. Enter the number of items and total cost for class “Computers.” Enter your answer as the number of items followed by total cost, comma separated with no spaces. For example: 10,$200,000 ANSWER---36,$192,371 34. Enter the number of items and total cost for class “Equipment.” Enter your answer as the number of items followed by total cost, comma separated with no spaces. For example: 10,$200,000 30,$190,715 35. Enter the number of items and total cost for class “Tools.” Enter your answer as the number of items followed by total cost, comma separated with no spaces. For example: 10,$200,000 35,$255,113 36. Enter the number of items and total cost for class “Vehicles.” Enter your answer as the number of items followed by total cost, comma separated with no spaces. For example: 10,$200,000 22,$176,600 37. A B C D 1 2015 2016 201 7 2 Revenu e 100 120 130 3 Expens es 34 55 75 4 Profit 66 65 55 5 6 User input Reven ue 7 User input 2015 Identify the formula that outputs data from the table based on the user inputs in cells C7 and C8. • =OFFSET(A1,MATCH(C7,A2:A4),MATCH(C8,B1:D1)) • =OFFSET(B1,MATCH(C6,A2:A4,0),MATCH(C7,B1:D1)) • =OFFSET(A1,MATCH(C6,A2:A4,0),MATCH(C7,B1:D1)) • =OFFSET(A1,MATCH(C8,B1:D1),MATCH(C7,A2:A4,0)) ANSWER---C 38. Questions 38-39 use the fact pattern on tab Q38-39 in the Exam Workbook. You will enter a function for the answer below. Start your formula with the = sign. Do not anchor cell references, i.e. there should be no dollar signs (“$”) in your answer. Write an HLOOKUP function that will output the correct Net Profit for whichever date is selected in cell H11. For your answer to be scored correctly, please using C5:H8 as your table array and a hard coded number for the row index number. ANSWER---=HLOOKUP(H11,C5:H8,4,FALSE) 39. In the last question, you wrote an HLOOKUP function to output net profit. Do you need to include a range lookup to output the correct net profit? • No, the formula will work correctly with or without the range lookup parameter. • Yes, the formula needs an exact match in the range lookup parameter to work correctly. • Yes, the formula needs an approximate match in the range lookup parameter to work correctly. ANSWER---A 40. Instructions: Questions 40-41 use the fact pattern on tab Q40-41 in the Exam Workbook. You will enter a function for the answer below. Start your formula with the = sign. Do not anchor cell references, i.e. there should be no dollar signs (“$”) in your answer. Write a VLOOKUP function that will output the correct result for whichever 2018 income statement line item is selected in cell H11. For your answer to be scored correctly, please using C5:H8 as your table array and a hard coded number for the column index number. • ANSWER---=VLOOKUP(H11,C5:H8,6,FALSE) 41. In the last question, you wrote an VLOOKUP function to show whatever 2018 metric is referenced in cell H11. Do you need to include a range lookup parameter to get the correct answer? • No, the formula will work correctly with or without the range lookup parameter. • Yes, the formula needs an exact match in the range lookup parameter to work correctly • Yes, the formula needs an approximate match in the range lookup parameter to work correctly ANSWER---B 42. Instructions: Questions 42-43 use the fact pattern on tab Q42-43 in the Exam Workbook. Answers below are rounded to the nearest dollar amount. What is the NPV assuming cash flows all come at the end of each period? • $4,648 • $5,112 ANSWER---A 43. What is the NPV assuming cash flows all come at the beginning of each period? • $5,112 • $4,648 ANSWER---A 44. Instructions: Questions 44-45 use the fact pattern on tab Q44-45 in the Exam Workbook. Answers should be rounded to the nearest whole number, comma separating 000s, NOT written in currency format. So if the answer is $5,505,210.50, you would input 5,505,210. What is the NPV assuming cash flows all come at the end of each period? ANSWER---4,872 45. What is the NPV assuming cash flows all come at the beginning of each period? 5,192 46. Instructions: This question uses the fact pattern on tab Q46 in the Exam Workbook. Your answer should be written in % format, rounded to the nearest whole number. So if answer is 31.003% you should input 31%. Assuming an initial investment of $2,500 on 12/31/13, what is the IRR assuming all cash flows occur at the end of each period? ANSWER---37% 47. Instructions: This question uses the fact pattern on tab Q47 in the Exam Workbook. Your answer should be written in % format, rounded to the nearest whole number. So if answer is 31.003% you should input 31%. Assuming an initial investment of $2,500 on 12/31/13, what is the IRR assuming all cash flows occur at the end of each period? ANSWER---49% 48. Instructions: This question uses the fact pattern on tab Q48 in the Exam Workbook. Below the fact pattern, there is a data table designed to display the effect on 2015 Net Profit based of changes in 2015 Revenue Growth and 2015 COGS%. Please provide: 1. The cell reference required in cell D15. For this answer, do not use anchors ($) or the = sign. So if the cell reference is =E$6, your answer would be E6. 2. The row input cell required by the Data Table 3. The column input cell required by the Data Table Write all three cell references, in the order above, separated by commas with no space (i.e. A1,A2,A3) ANSWER---E8,E10,E11