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I need full detail answer please Problem # 2: For this question, please refer to the Dino's After School Trial Balance with ending totals for
I need full detail answer please
Problem # 2: 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 ($) Checking 15,220 Savings 58,500 PAGE#1 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 1. Using an Excel Spreadsheet, create the Balance Sheet for Dino's After School. 2. Using the information obtained from your Balance Sheet, calculate any one (1) liquidity and any one (1) leverage ratio, 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? (100-200 words)
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