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Suppose your firm receives a $ 4.47 million order on the last day of the...

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Finance

Suppose your firm receives a $ 4.47 million order on the last day of the year. You fill the order with $ 2.23 million worth of inventory. The customer picks up the entire order the same day and pays $ 1.25 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $ 3.22 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 d. Inventory e. Cash

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