LICM Practice Questions - Landscape Industry Certified Manager Exam

What does 'days sales outstanding' (DSO) measure in a landscape company's accounts receivable management?

The number of days between invoice creation and job completion The average number of days it takes to collect payment after a sale The number of days of inventory on hand The average age of unpaid vendor invoices

Correct Answer:

The average number of days it takes to collect payment after a sale

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