Question: Abbott Laboratories reports the following income statement, inpartial form ($ millions):a. Compute the percent of net sales that Abbott Laboratoriesspends on research and development (R&D).Ro

Abbott Laboratories reports the following income statement, inpartial form ($ millions):a. Compute the percent of net sales that Abbott Laboratoriesspends on research and development (R&D).Ro \begin{tabular}{|l|r|} \hline \multicolumn{1}{|c|}{ Year ended December 31 } & \multicolumn{2}{|c|}{\( \mathbf{2 0 1 4} \)} \\ \hline Net sales & \( \$ 23,024 \) \\ \hline Cost of products sold & 10,6 1 answer

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