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 $215,639 $233,715 $182,795 $85,320 $93,580 $86,833 R&D expenses 10,045 8,067 6,041 11,988 12,046 11,381
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 $215,639 $233,715 $182,795 $85,320 $93,580 $86,833 R&D expenses 10,045 8,067 6,041 11,988 12,046 11,381
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 Inc. | Lewis Corporation | |||||
|---|---|---|---|---|---|---|
| (in millions) | Year 3 | Year 2 | Year 1 | Year 3 | Year 2 | Year 1 |
| Total revenue | $215,639 | $233,715 | $182,795 | $85,320 | $93,580 | $86,833 |
| R&D expenses | 10,045 | 8,067 | 6,041 | 11,988 | 12,046 | 11,381 |
Which of the following is true?
Select one:
a. Lewis Corporation is less R&D intensive in Year 3 than in Year 2.
b. Byce Inc. is the more R&D intensive company of the two.
c. Lewis Corporation is more R&D intensive in Year 3 than in Year 2.
d. None of the above
e. Byce Inc. has become less R&D intensive over the three years.
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