Cell reference not populating



On one of my worksheets, cell references do not display the value in the
targeted cell but rather the formula itself (example: Cell A1 = 5.12, type a
formula in A2 =A1 and it will first display 5.12, but if any changes are made
or the reference is changed it then displays "=A1" rather than the value of
the targeted cell). What could be causing this? This only happens for one
worksheet, but if I copy it over to another file/worksheet it does the same


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