Using the data below, what is the manager most likely to conclude about the change in the company's performance from 2018 to 2019?

2019 2018

ROE = -1.4% 32.2%

EBIT margin 7.6% 22.5%

Interest burden 28.0% 78.6%

Tax burden -78.1% 62.6%

Total asset turnover 0.35 0.88

Financial leverage 2.35 3.30

	a.	The firm's profitability, asset utilization, and financial leverage decreased, and its interest expense and tax expense increased.
	b.	The firm's profitability, interest expense, asset utiiization, and financial leverage decreased, and its tax expense increased.
	c.	The firm's profitability, tax expense, asset utilization and financial leverage decreased, and its interest expense increased.
	d.	The firm's profitability, interest expense, tax expense, asset utilization, and financial leverage decreased.