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The workbook format introduced in Excel 2007 preserves all worksheet and chart data, formatting, and other features available in earlier Excel versions, and the Macro-Enabled Workbook format (.xlsm) preserves macros and macro sheets in addition to those features.
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You may need to adjust the column widths of the worksheet before you convert it to formatted text format.
This file format (.txt) saves only the text and values as they are displayed in cells of the active worksheet.
Columns of data are separated by commas, and each row of data ends in a carriage return.
If cells display formulas instead of formula values, the formulas are converted as text.