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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Answer
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Answer
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