1. Although you can use a spreadsheet to set up tables of just textual information, Excel's real usefulness lies in its ability to calculate formulas (and recalculate them automatically when values change). Spreadsheets are great for budgets, financial statements, and other tasks that require calculations. Choose a business career example, or perhaps the job you are in now, and share how Excel can be used, how it is used, and why it is the best tool for the job.