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Suppose your firm receives a $4.35 million order on the last day of the year....

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Finance

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Suppose your firm receives a $4.35 million order on the last day of the year. You fill the order with $1.88 million worth of inventory. The customer picks up the entire order the same day and pays $1.19 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $3.16 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 d. Inventory b. Earnings e. Cash c. Receivables a. Revenues Revenues will by $ million. (Select from the drop-down menu and round to two decimal places.) b. Earnings Earnings will by $ million. (Select from the drop-down menu and round to two decimal places.) c. Receivables Receivables will by $ million. (Select from the drop-down menu and round to two decimal places.) d. Inventory Inventory will by $ million. (Select from the drop-down menu and round to two decimal places.) increase decrease e. Cash Cash will by $ million. (Select from the drop-down menu and round to two decimal places.)

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