C $4,526,600

D. $3,981,250

iele is posltive informational content associated with the announcement 92) Use the "percent of sales method" of preparing pro forma financial state- ments to determine the projection for next year's inventory. Make the follow- ing assumptions: current year's sales are $24,500,000; current year's cost of goods sold is $15,925,000; sales are expected to rise by 25%. The firm's investment in inventory in the current year is $3,621,300. What is the pro- ection for next year's inventory? a. $5,555,000 b. $6,125,000