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Cathy Company and Jordan Company are competitors in the computer industry. Following is a table of Total Revenue and R&D Expense for both companies:
Cathy Company and Jordan Company are competitors in the computer industry. Following is a table of Total Revenue and R&D Expense for both companies: Cathy Company. Jordan Company (in millions) 2021 2020 2021 2020 Total Revenue $119,950 $132,804 $93,850 $75,320 R&D Expense $11,995 $11,067 $9,385 $9,385 Using common size analysis, which of the following statements is true? Jordan Company has not changed how intensely it invests in R&D in 2021 and 2020. In 2021, Cathy Company is the more R&D intensive company of the two. In 2021, Cathy Company and Jordan Company are spending on R&D at the same intensity. O Jordan Company is more R&D intensive in 2021 than in 2020.
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