Days in Inventory equation needed

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SantiamTradingCo
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Joined: Fri Nov 24, 2017 6:48 pm

Days in Inventory equation needed

Post by SantiamTradingCo »

Suppose that...
COL A is Date Received
COL B is Days in Inventory
COL C is Date Sold

What I would like is an equation for COL B that takes today's date and compares it to COL A and puts the difference in COL B. Additionally when the difference between the two dates becomes more than 90 days I would like to have the text turn RED. Then when a date is entered in COL C I'd like to have the first formula stop working and instead have the final difference recorded in COL B and put in BOLD. I'd like to see the 90 day color change happen here as well.

I have done all the research I can... I am getting nowhere on this on. IF anyone an help I would greatly appreciate it. I am a completely self taught spreadsheeter and I am good at a lot of the basics, but this advanced stuff just takes me forever or fornever.

TIA for the help.

Lee
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FJCC
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Re: Days in Inventory equation needed

Post by FJCC »

I assume the Date Sold cell is empty until a sale happens. Then the formula you need cell B2 is

Code: Select all

=IF(ISBLANK(C2);TODAY() - A2;C2-A2)
You may have to set the cell format of B2 to be something other than General to get a sensible display. With B2 selected, use the menu Format -> Cells and on the Numbers tab set the Category to Number and the Format to -1234.

To get the red text when B2 > 90, use the menu Format -> Conditional Formatting. In the Condition1 area, set the three drop boxes in the first row to read "Cell value", "is Greater than", 90. Then click New Style, give the style a name on the Organizer tab and on the Font Effect tab set the text color to red.
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SantiamTradingCo
Posts: 2
Joined: Fri Nov 24, 2017 6:48 pm

Re: Days in Inventory equation needed

Post by SantiamTradingCo »

Thank you for super quick reply! I will attempt to follow these directions later today and will post my success/failure ratio soon after that.
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RusselB
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Re: Days in Inventory equation needed

Post by RusselB »

An alternative to FJCC's formula is

Code: Select all

=if(isblank(c2);today();c2)-a2
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