AP12-6A (Inventory turnover) The financial data for Ken's Fresh Fruits Incorporated and Al's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Sold Inventory Jan. Inventory Dec. 1 31 Ken's Fresh Fruits $ 9,875,600 $ 695,000 $ 695,600 53,885,000 4,776,500 1,040,500 Al's Supermarket Required a. Calculate the inventory turnover for each company. b. Calculate the days to sell inventory ratio for each company. c. Knowing the type of inventory these companies sell, comment on the reasonableness of the inventory turnover. Which company manages its inventory more efficiently? d. Which company would be a more profitable investment? Can we tell? Explain. e. What are the potential problems with fast inventory turnovers? Would these be a concern for Ken's Fresh Fruits