The following accounting Information pertalns to Boardwalk Taffy and Beach Sweets. The only difference between the two companies Is that Boardwalk Taffy uses FIFO, whlle Beach Sweets uses LIFO. Cash Accounts receivable Merchandise inventory Accounts payable Cost of goods sold Building Sales $75,8ee 348,888 25e,888 285,888 1,35e,8ee 58e,888 2,8ee,8e8 $75,8ee 348,888 19e,888 285,8e8 1,254,0ee 58e,888 2,8ee,8e8 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 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 A1Required A2 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 Complete this question by entering your answers in the tabs below Required A1 Required A2Required B1 Required B2 Identify the company that appears to be charging the higher prices in relation to its cost. gher Required A1 Required A2Required B1Required 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 days days Boardwalk Taffy times Beach Sweets Complete this question by entering your answers in the tabs below. Required A Required A2 Required B1 Required B2 y that appears to be incurring the higher financing cost. Higher financing cost