Data for Rajesh Company are presented in P13-7A. Further analysis reveals the Prepare a statement of cash following. flows—direct method, and 1. Accounts payable pertain to merchandise suppliers. AAA GAN GLY 2. All operating expenses except for depreciation were paid in cash. (LO 4, 6) xis | |
3. All depreciation expense is in the operating expenses.
4. All sales and purchases are on account.
Instructions

(a) Prepare a statement of cash flows for Rajesh Company using the direct method.

(a) Cash from operations

(b) Compute free cash flow. $29,300