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You have been given the following financial statements of Ravi Company Ltd. Prepare statement of cash flows for the year ended December 31, 2006 using

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You have been given the following financial statements of Ravi Company Ltd. Prepare statement of cash flows for the year ended December 31, 2006 using direct method. Question # 5: Statement of Financial Position 2005 Rs. 000' Rs. 000' 387 268 (12) 52 458 ,260 2006 Cash Trade receivable Allowance for doubtful debts Prepaid expenses Inventories Fixed assets Cost 126 418 (19) 75 576 2,040 Accumulated depreciation ($40) Aalnt4195228 Trade payable 789 662

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