Analyzing and Assessing Research and Development Expenses Agilent Technologies, Ic., the high-tech spin-off from Hewlett-Packard Company, reports the following operating profit for 2014 in its 10-K ($ millions): Net revenue Products $5,686 Services and other 1,295 Total net revenue 6,981 Costs and expenses Cost of products 2,673 Cost of services and other 715 Total costs 3,388 Research and development 719 Selling, general and administrative 2,043 Total costs and expenses 6,150 Income from operations $831 Required What percentage of its total net revenue is Agilent spending on research and development? Round to one decimal place.

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Analyzing and Assessing Research and Development Expenses
Agilent Technologies, Inc., the high-tech spin-off from Hewlett-Packard Company, reports the following operating profit for 2014 in its 10-K ($ millions):
Net revenue
Products
$5,686
Services and other
1,295
Total net revenue
6,981
Costs and expenses
Cost of products
2,673
Cost of services and other
715
Total costs
3,388
Research and development
719
Selling, general and administrative
2,043
Total costs and expenses 6,150
Income from operations
$831
Required
What percentage of its total net revenue is Agilent spending on research and development? Round to one decimal place.
Transcribed Image Text:Analyzing and Assessing Research and Development Expenses Agilent Technologies, Inc., the high-tech spin-off from Hewlett-Packard Company, reports the following operating profit for 2014 in its 10-K ($ millions): Net revenue Products $5,686 Services and other 1,295 Total net revenue 6,981 Costs and expenses Cost of products 2,673 Cost of services and other 715 Total costs 3,388 Research and development 719 Selling, general and administrative 2,043 Total costs and expenses 6,150 Income from operations $831 Required What percentage of its total net revenue is Agilent spending on research and development? Round to one decimal place.
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