Question: Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by

Lanni Products is a start-up computer software development firm. It currently

Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owners. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over 3 years. a-1. Prepare the balance sheet just after it gets the bank loan. Assets Liabilities & Shareholders' Equity Bank loan Shareholders' equity Cash Computers Total Total o-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places Ratio of real assets to total assets

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