The financial statements of P&G are presented in Appendix B. The Companys complete annual report, including the notes to the financial statements, is available at P&G Annual Reports. Refer to P&Gs financial statements and the accompanying notes and answer the following questions:
Does P&G report any intangible assets, especially goodwill, in its 2017 financial statements and accompanying notes?
How much research and development (R&D) cost was expensed by P&G in 2016 and 2017? What percentage of sales revenue and net income did P&G spend on R&D in 2016 and 2017?
Assignment Requirements
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