Agilent Technologies, Inc., the high-tech spin-off from Hewlett-Packard Company, reports the following operating profit for...
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Agilent Technologies, Inc., the high-tech spin-off from Hewlett-Packard Company, reports the following operating profit for the year in its 10-K ($ millions): Net revenue Products $5,482 Services and other 1,133 Total net revenue 6,615 Costs and expenses Cost of products 2,473 Cost of services and other 613 Total costs 3,086 Research and development 649 Selling, general and administrative 1,809 Total costs and expenses 5,544 Income from operations $1,071 Required What percentage of its total net revenues is Agilent spending on research and development? Round to one decimal place.
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