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 $ 85,009 328,000 245,800 225,009 1,225,e00 400,800 2,800,0e9 $ 85,e00 328,809 198,809 225,800 1,425,600 488,880 2,000,869 Required a-1. Compute the gross margin percentage for each company. 0-2. 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