A spreadsheet displays data in a table called a worksheet and is used to prepare budgets, financial statements, inventory management, and charts. A worksheet is a grid with columns and rows, where each intersection is called a cell that can contain labels, values, or formulas. Formulas in Excel use functions, cell references, and operation symbols like addition and multiplication to perform calculations according to the order of operations. Worksheets, cells, formulas, and charts can be modified using tools to sort, resize, fill, and summarize data.