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Default Question about number of possible cells in Excel.

The book I'm reading says Excel has 255 worksheets, 256 columns and 65,536
rows. It also says Excel has 16.5 million cells. Is that correct, and if so,
how is that calculated?

Another thing...it says columns are labeled A through Z, AA through AZ, and
so on, up to IV. I typed "IV" into the name box, and couldn't visualize the
cell reference. Am I reading it correctly as the letter "I" and the letter
"V"? Thanks in advance.
 
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