Question: 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
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. Answer%
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