Create the balance sheet for dino after school

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Reference no: EM132678102

For this question, please refer to the Dino's After School Trial Balance with ending totals for December 31, 2014 in the table below:

Account Balance ($)

Savings 58,500

Money Market 41,650

Pre-Paid Rent 5,400

Accounts Receivable 81,000

Accounts Receivable Allowances-6,500

Machinery 122,600

Equipment 80,300

Automobiles 67,500

Accounts Payable 60,000

Loans Payable 21,300

Equity 384,370

Question 1: Using an Excel Spreadsheet, create the Balance Sheet for Dino's After School.

Question 2: Using the information obtained from your Balance Sheet, calculate any one (1) liquidity and any one (1) leverage ratio.

Question 3: Comment on the financial position of the organization, specific to the two ratios you calculated. What is the main reason that Dino's (and other organizations) need a Balance Sheet?

Reference no: EM132678102

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