Hi Tom ,
A time is just a number , only formatted differently.
A time which is displayed as 5:35:23 is the same value as the decimal number 0.232905092592593
To get the displayed value in hundredths of an hour , just multiply it by 24 ; this is because the 24 hours from one midnight to the next go , in terms of decimal numbers , from 0 to 1.
When you multiply 0.232905092592593 by 24 , the result is : 5.58972222222223
All you have to do is format the cell which contains the multiplied value as Number , with the required number of decimal places.
Thus if your time value is in A1 , formatted to display 5:35:23 , in B1 put in the formula =A1*24 , and format B1 as Number.
To go the other way , do the inverse of multiplication i.e. division. If you have the value 5.58972222222223 in B1 , in C1 put in the formula =B1/24 , and format C1 as [h]:mm:ss
Narayan