What is the common-size amount for Intel Corporation’s research and development expense for 2016?
What is the common-size amount for Intel Corporation’s research and development expense for 2016?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Intel Corporation reported the following in its 2016 financial statements (in millions):
What is the common-size amount for Intel Corporation’s research and development expense for 2016?
|
December 31,
|
2016
|
2015
|
|
Total assets
|
$113,327
|
$101,459
|
|
Revenues
|
59,387
|
55,355
|
|
Research and development expenses
|
12,740
|
12,128
|
|
Net income
|
10,316
|
11,420
|
What is the common-size amount for Intel Corporation’s research and development expense for 2016?
| A. |
17.4%
|
|
| B. |
21.5%
|
|
| C. |
11.2%
|
|
| D. |
78.5%
|
|
| E. |
None of the above
|
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