The following 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. Cash Accounts receivable Merchandise inventory Accounts payable Cost of goods sold Building Sales Boardwalk Tafty $ 75,000 348, eee 248,eee 210,000 1,296, eee 350, eee 2,180, eee Beach Sweets $ 75,000 340, eee 214, eee 218,eee 1,685, eee 35e,eee 2,188, eee Required a-1. Compute the gross margin percentage for each company. 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 tumover 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 AZ Required B1 Required B2 Compute the gross margin percentage for each company. (Round your answers to 1 decimal place.) Gross Margin Boardwalk Taffy Beach Sweets Required A1 Required A2 > Required A1 Required AZ Required B1 Required B2 Identify the company that appears to be charging the higher prices in relation to its cost. Higher prices Required A1 Required AZ Required : Required B2 For each company, compute the inventory turnover ratio and the average days to sell inventory. (Use 365 days in a year. Round your "Inventory Turnover Ratios" to 1 decimal place and all other answers to the nearest whole number.) Inventory Turnover Ratios Average Days Boardwalk Taffy days Beach Sweets times days times Required A1 Required AZ Required B1 Required B2 Identify the company that appears to be incurring the higher financing cost. Higher financing cost