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Default Cell reference in formula string displays abbreviated value

Cell reference in formula string displays abbreviated value, not the
CEILING value with 2 digits after the decimal point as desired.

The formula is: =CONCATENATE("LAB: $",CEILING(M59,0.01)," (",N59,"
MIN. X .40/MIN.)")


In M59 is 1.20

Result displayed is: LAB: $1.2 (3 MIN. X .40/MIN.)

Desired result would be: LAB: $1.20 (3 MIN. X .40/MIN.)

*Odd thing is: if M59 contains a value with the numbers 1-9 (not a 0)
after the 2, then the result appears correctly.

Any ideas how to get the 1.20 to display as 1.20 in the formula
result?

Thank you.

Pete


 
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