Why does Days Sales Outstanding tends to be high in the medical services industry

	It is a fee for service business
	Costs are high
	The third party payment system involving government, employers, and private insurance is very slow and complex.
	Medical services are very efficient.

In some European countries it is illegal to run factories overnight since is considered exploiting the workers. In the US factories running almost on a continuous basis are common. As a result. which of the following true. More than one answer is possible.

	TAT is generally higher in European countries with restrictive labor laws.
	TAT is generally higher in the USA than in countries with restrictive labor laws.
	Investors may be reluctant to invest in countries with restrictive labor laws
	TAT is not effected by how often factory lines are used.

Pham Inc. sales last year were $460,000, and Phams total assets were $30,000. What was its total assets turnover ratio(TAT)?