Question: Reconsider Lanni Products from the previous problem. a. Prepare its balance sheet just after it gets the bank loan. What is the ratio of real

Reconsider Lanni Products from the previous problem.
a. Prepare its just after it gets the bank loan. What is the ratio of real assets to total assets?
b. Prepare the after Lanni spends the $70,000 to develop its software product. What is the ratio of real assets to total assets?
c. Prepare the after Lanni accepts the payment of shares from Microsoft. What is the ratio of real assets to total assets?

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