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In this Excel tutorial, the speaker demonstrates how to quickly remove formulas while retaining the data in a spreadsheet. Using a dataset that includes revenue, expenses, and net income (calculated as revenue minus expenses), the presenter shows the process: first, select the entire dataset and copy it. Next, right-click and choose "Paste Special," then select the "Values" option in the dialog box. Clicking OK pastes the values only, eliminating the formulas. As a result, the formula bar will display only the value in the selected cells, indicating that the formulas have been removed successfully. The tutorial aims to offer a straightforward method for managing Excel data.