Which of the following statements about research and development costs is not valid? Multiple Choice Asset utilization ratios of R&D Intensive firms will be higher than those of non-R&D- Intensive firms. As long as a firm continues to invest in R&D total assets and total shareholders' equity will be understated. Decreases in R&D expenditures can be used to boost current period income Asset utilization ratios of R&D Intensive firms will be lower than those of non-R&D -Intensive firms