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Percentage of R&D relative to net revenues in 2008

Using the table below, answer the following sample problems.

1. What is the percentage of R&D relative to net revenues in 2008?
2. What is the amount by which property, plant, and equipment decreased during 2008 (from depreciation, asset sales, and similar transactions)?
3. What is the change in total liabilities from 2004 to 2008?
4. Find the amount of work-in-process inventory for 2008 in the table below.
5. Find the total revenues from unaffiliated customers earned in Europe for 2008
6. Find the company's effective tax rate percentage for 2008
7. Find the adjusted cost and estimated fair value of investments held in asset-backed securities for 2008.
8. Find the amount of land and buildings, exclusive of construction in progress for 2008
9. Find the market price range of common stock for the fourth quarter of 2008. High? Low?

SELECTED FINANCIAL DATA
(In Millions, Except Per Share Amounts) 2008 2007 2006 2005 2004

Net revenue ............................................. $ 37,586 $ 38,334 $ 35,382 $ 38,826 $ 34,209
Gross margin............................................. $ 20,844 $ 19,904 $ 18,218 $ 23,049 $ 19,746
Research and development...................... $ 5,722 $ 5,755 $ 5,873 $ 5,145 $ 4,778
Operating income....................................... $ 8,954 $ 8,216 $ 5,652 $ 12,090 $ 10,130
Net income.................................................. $ 5,292 $ 6,976 $ 5,044 $ 8,664 $ 7,516
Earnings per common share
Basic ..................................................... $ 0.93 $ 1.20 $ 0.87 $1.42 $1.17
Diluted................................................... $ 0.92 $ 1.18 $ 0.86 $1.40 $1.16
Weighted average diluted shares outstanding 5,748 5,936 5,880 6,178 6,494
Dividends per share
Declared.................................................. $ 0.5475 $ 0.45 $ 0.40 $ 0.32 $ 0.16
Paid ......................................................... $ 0.5475 $ 0.45 $ 0,40 $ 0.32 $ 0.16

(Dollars in Millions) Dec.27, 2008 Dec.29, 2007 Dec.30, 2006 Dec.31, 2005 Dec.25, 2004

Property, plant &equipment, net $ 17,544 $16,918 $17,602 $ 17,111 $ 15,768
Total assets................................ $ 50,715 $ 55,651 $ 48,368 $ 48,314 $ 48,143
Long-term debt......................... $ 1,886 $ 1,980 $ 1,848 $2,106 $ 703
Stockholders' equity ................. $ 39,088 $ 42,762 $ 36,752 $ 36,182 $ 38,579
Additions to property, plant &equipment $5,197 $ 5,000 $ 5,860 $ 5,871 $ 3,843
Employees (in thousands).......... 83.9 86.3 94.1 99.9 85.0
__________________________________

The ratio earnings to fixed charges for each of the five years in the period ended December 27, 2008 was as follows:
2008 2007 2006 2005 2004
51x 72x 50x 169x 107x

Fixed charges consist of interest expense, capitalized interest, and the estimated interest component of rent expense.

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Using the table below, answer the following sample problems.

1. What is the percentage of R&D relative to net revenues in 2008?
2. What is the amount by which property, plant, and equipment decreased during 2008 (from ...

Solution Summary

Solution estimates the percentage of R&D relative to net revenues in 2008

$2.19