In Excel, division and multiplication have equal precedence according to the order of operations (BODMAS/PEMDAS rules). Operations are evaluated from left to right when they have the same precedence level.
For example:
\[
= 6 \div 2 \times 3
\]
This will be evaluated as:
\[
= (6 \div 2) \times 3 = 3 \times 3 = 9
\]