Step 1Beat together the eggs, sugar and oil until fluffy.
Step 2Sift together the flour, baking powder, baking soda and cinnamon in a large bowl. Add the dry ingredients to the egg mixture and stir well to blend.
Step 3Add the vanilla, beets and walnuts. Beat together 1 minute. Pour the batter into a 13x9-inch baking pan. Bake the cake at 350 degrees until a toothpick inserted in the middle comes out clean, 35 to 45 minutes.
Step 1Blend together the cream cheese, whipping cream, almond extract and powdered sugar in a blender or mixer until fluffy. Spoon onto the cooled cake or serve separately to dollop the cake.