Suppose your firm receives a $4.1 million order on the last day of the year. You fill the order with $2.9 million worth of inventory. The customer picks up the entire order the same day and pays $1.5 million upfront in cash; you also issue a bill for the customer to pay the remaining balance of $2.6 million in 30 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