In 2016 Mango Corporation Had Net Income of $5 Million

question 39

Multiple Choice

In 2016 Mango Corporation had net income of $5 million on sales of $50 million. The 2016 balance sheet showed current liabilities of $12 million, long-term debt of $18 million and equity of $45 million. The sales forecast for 2017 is $54 million. If Mango pays no dividends, what is the forecasted increase or decrease in equity at the end of 2017?

• A) $49.5 million
• B) $ 4.5 million
• C) $5.4 million
• D) $(5.4) million

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Definitions:

Sexual Contact

Any form of interaction between individuals involving touching or penetration that is sexual in nature.

Shame

A painful emotion resulting from the consciousness of something dishonorable or improper done by oneself or another.

Sexual Dysfunction

A problem occurring during any phase of the sexual response cycle, preventing an individual or couple from experiencing satisfaction from sexual activity.

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, often leading to significant health risks.