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9. 10. The formula to calculate days' sales outstanding (DSO) is: A. Net credit sales / Average net accounts receivable B. Average net accounts receivable

9. 10. The formula to calculate days' sales outstanding (DSO) is: A. Net credit sales / Average net accounts receivable B. Average net accounts receivable / 365 C. 365/Accounts receivable turnover D. Accounts receivable turnover / Net credit sales Traylor Corporation reports net income for the year of $565,000. An uncollectible account of $125 is written off. Which of these is/are true? A. Net income will decrease by $125. B. Net income will not change. C. Net accounts receivable will decrease. D. Both A and C are true.
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9. The formula to calculate days' sales outstanding (DSO) is: A. Net credit sales / Average net accounts receivable B. Average net accounts receivable / 365 C. 365/ Accounts receivable turnover D. Accounts receivable turnover / Net credit sales 10. Traylor Corporation reports net income for the year of $565,000. An uncollectible account of $125 is written off. Which of these is/are true? A. Net ineome will decrease by $125. B. Net income will not change. C. Net accounts receivable will decrease. D. Both A and C are true

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