5 The folowing accounting information pertains to Boardwalk Taffy and Beach Sweets. The only difference between the two companies is that Boardwalk Taffy uses FIFO, while Beach Sweets uses LIFO. 85,80e Accounts receivable accounts payable Cost of goods seld Building 250,000 1,128,000 25e,000 1,216,000 1,900,00e 1,900,0 --1. Compute the gross margin percentage for each company Required a-2. Identify the company that appears to be charging the higher prices in relation to its cost b-1 For each company, compute the inventory turnover ratio and the average days to sell inventory b-2. Identify the company that appears to be incurring the higher financing cost Complete this question by entering your answers in the tabs below Required A1 Required A2 Required B1 Required t2 Compute the gross margin percentage for each company. (Round your answers to 1 decimal place.) Beach Seets