Suppose your firm receives a

$ 4.25$4.25

million order on the last day of the year. You fill the order with

$ 2.21$2.21

million worth of inventory. The customer picks up the entire order the same day and pays

$ 1.14$1.14

million up front in cash; you also issue a bill for the customer to pay the remaining balance of

$ 3.11$3.11

million within 40 days. Suppose your firm's tax rate is

0 %0%

(i.e., ignore taxes). Determine the consequences of this transaction for each of the following:

a. Revenues b. Earnings c. Receivables

d. Inventory e. Cash