Question
International Business Machines Corporation (IBM) reported the following on its 2018 form 10K. $ millions 2018 2017 2016 Total revenue $70,836 $70,434 $71,128 Research, development
International Business Machines Corporation (IBM) reported the following on its 2018 form 10K.
| $ millions | 2018 | 2017 | 2016 |
|---|---|---|---|
| Total revenue | $70,836 | $70,434 | $71,128 |
| Research, development and engineering expense | 5,379 | 5,590 | 5,726 |
| Number of new patents awarded | 8,099 | 8,048 | 7,198 |
Required a. Calculate IBMs commonsize research, development and engineering expense 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 expense common-size | Answer
| Answer
| Answer
|
RD&E Expense relative to sales has
over the years from 2016 to 2018. b. Compute the research, development and engineering expense per new patent for each year. What pattern do we observe?
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Auditors Guide To Information Systems Auditing
Authors: Richard E. Cascarino
1st Edition
0470009896, 978-0470009895
