19-23. The data presented below show actual figures for selected accounts of SBA Company for the fiscal year ended May 31, 2022 and selected budget figures for the 2023 fiscal year. SBA Company's controller is in the process of reviewing the 2022 budget. SBA Company monitors yield or return ratios using the average financial position of the company. 5/31/2023 5/31/2022 Current assets P210,000 P180,000 Noncurrent assets 275,000 255,000 Current liabilities 78,000 85,000 Long-term debt 75,000 30,000 Common stock (P30 par value) 300,000 300,000 Retained Earnings 32,000 20,000 2023 Operations Sales (all credits) P350,000 Cost of goods sold 160,000 Interest expense 3,000 Income taxes (40% tax rate) 48,000 Dividends declared and paid in 2023 60,000 Administrative expenses 67,000 Current Assets 5/31/2023 5/31/2022 Cash P20,000 P10,000 Accounts receivable 100,000 70,000 Inventory 70,000 80,000 Other 20,000 20,000 23. The 2023 return on assets for SBA Company is a. 0.261 b.0.148 c.0.157 d. 0.166