Question: answer question Time Remaining: 01:23:23 Submit Test This Question: 1 pt 6 of 20 (0 complete) This Test: 20 pts possible of 1,141 Suppose your

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answer question Time Remaining: 01:23:23 Submit
Time Remaining: 01:23:23 Submit Test This Question: 1 pt 6 of 20 (0 complete) This Test: 20 pts possible of 1,141 Suppose your firm receives a $5.58 million order on the last day of the year. You fill the order with $2.02 million worth of inventory. The customer picks up the entire order the same day and pays $1.14 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $4.44 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: 5:13 a. Revenues d. Inventory b. Earnings e. Cash c. Receivables 4:16 Earnings will by $ million. (Select from the drop-down menu and round to two decimal places.) 4:10 c. Receivables 3:07 P Receivables will by $ million. (Select from the drop-down menu and round to two decimal places.) 12:45 P d. Inventory 12:15 P Inventory will by $ million. (Select from the drop-down menu and round to two decimal places.) 11:20 AM e. Cash 11:11 AM Cash will by $ million. (Select from the drop-down menu and round to two decimal places.) 10:50 AM 10:39 AM Enter your answer in each of the answer boxes. 10:07 AM 9:39 AM Check out CAO's FREE Webinars/Events - Don't miss your chance to jumpstart your career! Man 5:17 PM CAO 3/25/202

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