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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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