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This video tutorial shows how to reduce an Excel file size without deleting data. Make a copy of the file first. To reduce file size, compress picture sizes by selecting the picture, going to picture format, and choosing compress under adjust. Different options for compressing the picture format are available. An alternative method is to go to file, click on more, then options, and finally advanced. Scroll down to image size and quality, where you can choose to discard editing data and not compress the image file. Instead, reduce the PPI to make the picture smaller and retain the quality.
