Suppose your firm receives a

$4.33

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

$2.11

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

$1.02

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

$3.31

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

0%

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

a. Revenues

b. Earnings

c. Receivables