Izzy Corporation reported the following in its financial statements (in millions): Total assets (in millions) Revenues...

 

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Izzy Corporation reported the following in its financial statements (in millions): Total assets (in millions) Revenues Research and development expense Net income Dec. 31, Year 2 Dec. 31, Year 1 $124,660 $111,605 65,326 60,891 12,740 12,128 11,348 12,562 What is the common-size amount for Izzy Corporation's research and development expense for Year 2? Izzy Corporation reported the following in its financial statements (in millions): Total assets (in millions) Revenues Research and development expense Net income Dec. 31, Year 2 Dec. 31, Year 1 $124,660 $111,605 65,326 60,891 12,740 12,128 11,348 12,562 What is the common-size amount for Izzy Corporation's research and development expense for Year 2?