Refer to the financial statements of Target given in Appendix B$.$

Required:

What does the company include in its category of cash and cash equivalents? $($Hint: The notes may be helpful in answering this question.$)$

What expenses does Target subtract from Total revenue $($net sales$)$ in the computation of Operating income?

Compute Target$$s receivables turnover ratio for the current year using the "Total revenue" for net sales and the account "Accounts and other receivables".

What characteristic of its business is the main cause Target$$s receivables turnover ratio is so high?