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Byce Inc. and Lewis Corporation are competitors in the computer industry. Following is a table of Total revenue and R&D expenses for both companies. Byce
Byce Inc. and Lewis Corporation are competitors in the computer industry. Following is a table of Total revenue and R&D expenses for both companies.
Byce Inc. | Lewis Corporation | |||||
---|---|---|---|---|---|---|
(in millions) | Year 3 | Year 2 | Year 1 | Year 3 | Year 2 | Year 1 |
Total revenue | $237,203 | $257,087 | $201,075 | $93,852 | $102,938 | $95,516 |
R&D expenses | 11,050 | 8,874 | 6,645 | 13,187 | 13,251 | 12,519 |
Which of the following is true?
Select one:
a. None of the above
b. Lewis Corporation is more R&D intensive in Year 3 than in Year 2.
c. Byce Inc. is the more R&D intensive company of the two.
d. Lewis Corporation is less R&D intensive in Year 3 than in Year 2.
e. Byce Inc. has become less R&D intensive over the three years.
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