As announced today in a post over at the official Android blog, Google Drive now features enhanced spreadsheet support. The new functionality allows users to create, edit, and format spreadsheets directly from their mobile device, much like the Google Docs app.
The app recreates the same experience you would find on a desktop PC, including the ability to see who is currently viewing and editing a particular document in real time.
Other than the ability to go bananas with your spreadsheets, Google Drive also has been updated to feature better text formatting across documents and the ability to edit text within a table. You can also use the app to create a direct home screen shortcut to any file saved in Drive.