assignment 1

assignment 1 - $0.95 Lanni Products Company Balance Sheet...

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Q1. Lanni Products Company Balance Sheet January 26th Assets Liabilities Current Assets Long-term Libilities Cash $70,000 loan payable Shareholders Equity Computer Equipment $30,000 Total $100,000 Total a) Ratio of real assets to total assets= 0.3 Lanni Products Company Balance Sheet January 26th Assets Liabilities Current Assets Long-term Libilities Cash $5,000 loan payable Software $65,000 Shareholders Computer Equipment $30,000 Total $100,000 Total b) Ratio of real assets to total assets=
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Unformatted text preview: $0.95 Lanni Products Company Balance Sheet January 26th Assets Liabilities Current Assets Long-term Libilities Cash $5,000 loan payable Investment in Microsoft $120,000 Property, Plant & Equipment Sharehoders equity Computer Equipment $30,000 Total $155,000 Total c) ratio of real assets to total assets= 0.19 Cash $20,000 Equipment $30,000 Loan $50,000 used cash $15,000 $50,000 Shares 1,500 Price of shares $80 $50,000 $100,000 $50,000 $50,000 $100,000 $50,000 $105,000 $155,000...
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assignment 1 - $0.95 Lanni Products Company Balance Sheet...

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