Canadian Tire, a major Canadian retailer, reported the following in its December 31, 2011, financial statements:
December 31, 2011
Short-term investments ........................................................................... $196.4 million
Long-term investments ........................................................................... 128.2 million
No other investments were reported.

Required
1. On which financial statement would the above information have appeared?
2. Are the investments described above non-strategic or strategic? Explain why or why not.
3. Describe what types of investments might be included in each of the categories above.