Answer each of the following questions for Target $2020$ annual report Consolidated Statements of Financial Position

$\backslash$table$[[($millions$,$ except footnotes$),,\backslash$table$[[$anuary $30,],[2021]],\backslash$table$[[$February $1,],[2020]]],[$Assets$],[$Cash and cash equivalents,$$,8,511$ $$,2,577],[$Inventory$,,10,653,8,992],[$Other current assets,,$1,592,1,333],[$Total current assets,,$20,756,12,902],[$Property and equipment$],[$Land$,,6,141,6,036],[$Buildings and improvements,,$31,557,30,603],[$Fixtures and equipment,,$5,914,6,083],[$Computer hardware and software,,$2,765,2,692],[$Construction$-$in$-$progress,,$780,533],[$Accumulated depreciation,,$(20,278),(19,664)],[$Property and equipment, net,,$26,879,26,283],[$Operating lease assets,,$2,227,2,236],[$Other noncurrent assets,,$1,386,1,358],[$Total assets,$$,51,248$$$,42,779],[$Liabilities and shareholders' investment$],[$Accounts payable,$$,12,859$$$,9,920],[$Accrued and other current liabilities,,$6,122,4,406],[$Current portion of long$-$term debt and other borrowings,,$1,144,161],[$Total current liabilities,,$20,125,14,487],[$Long$-$term debt and other borrowings,,$11,536,11,338],[$Noncurrent operating lease liabilities,,$2,218,2,275],[$Deferred income taxes,,$990,1,122],[$Other noncurrent liabilities,,$1,939,1,724],[$Total noncurrent liabilities,,$16,683,16,459],[$Shareholders$\text{'}$ investment$],[$Common stock,,$42,42],[$Additional paid$-$in capital,,$6,329,6,226],[$Retained earnings,,$8,825,6,433],[$Accumulated other comprehensive loss,,$(756),(868)],[$Total shareholders' investment,,$14,440,11,833],[$Total liabilities and shareholders' investment,$$,51,248$ $$,42,779]]$

Activity measures:

m$.$ Calculate the accounts receivable turnover and number of days' sales in accounts receivable $($based on a $365-$day year$)$ for the most

recent year.

n$.$ Based on your analysis in $m,$ do you believe that the company is doing an effective job at managing accounts receivable? What would you

estimate the industry averages to be for the accounts receivable turnover and number of days' sales in accounts receivable? Explain.

o$.$ Calculate the inventory turnover and number of days' sales in inventory $($based on a $365-$day year$)$ for the most recent year.

p$.$ Based on your analysis in $0,$ to what extent does the company need to be concerned about its inventory management policies? In

assessing the inventory management policies, would you be more interested in knowing current ratio or acid$-$test ratio information?

Explain.