Research and Development Expense International Business Machines Corporation (IBM) reported the following on its 2015 income statement.
Question:
Research and Development Expense International Business Machines Corporation (IBM) reported the following on its 2015 income statement.
$ millions ????is????????l 2015 ????is????????l 2014 ????is????????l 201????
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $81,741 $92,793 $98,367 Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,247 $ 5,437 $ 5,743 Number of new patents . . . . . . . . . . . . . . . . . . . . . . . 7,355 7,534 6,809 Required a???? Compare IBM’s research and development expense to other publicly traded companies and those in the same industry. Comment on the comparison. (????int???? Refer to Exhibit 5.3.)
b???? IBM’s spending on research and development declined during 2015. Quantify this trend. Is this of potential concern to investors?
c???? What other data might analysts and investors collect to form an opinion about the level and effectiveness of IBM’s R&D endeavors?
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