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10. R&D DRUG Co data supplied as follows - $ millions 2022 2021 2019 Total Revenue 49,005 48,005 48,950 R & D expense 4,864 4,
10. R&D DRUG Co data supplied as follows -
$ millions | 2022 | 2021 | 2019 |
Total Revenue | 49,005 | 48,005 | 48,950 |
R & D expense | 4,864 | 4, 222 | 3,999 |
New patents awarded by year | 2,433 | 1,986 | 2,222 |
A, What is the R&D cost per patent for each year? ______, _______, ________
B. Compute DRUG Cos common size R&D expense for each year. What trend do you observe?
C. What, if anything, do you conclude from this data? And, what more data would you like to have in order to determine If DRUG Co is successfully developing new products?
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