Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Research and Development Expense
International Business Machines Corporation (IBM) reported the following on its 2018 form 10‑K.

$ millions 2018 2017 2016
Total revenue $79,591 $79,139 $79,919
Research, development and engineering expense 5,379 5,590 5,726
Number of new patents awarded 9,100 9,043 8,088

b. Compute the research, development and engineering expense per new patent for each year. What pattern do we observe?

Note: Round percentage to one decimal places (for example, enter 6.7% for 6.6555%).

  2018 2017 2016
RD&E per patent as a percentage Answer
 
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