use the percent of sales method of preparing pro forma financial statements to determine the projection for next years accounts receivable. Make the following assumptions: current years sales are $45,450,000; current years cost of goods sold is $26,950,000; sales are expected to rise by 20%. The firms investment in accounts receivable in the current year is 8,600,000. The firms marginal tax rate is 35%. What is the projection for next years accounts receivable