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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