Problem 5.25A (Algo) Using ratios to make comparisons LO 5.5 The following accounting information pentains to Boardwalk Taffy and Beach sweets. The only difference between the two companies is that Eonrdwalk Taffy uses FIFO, whie Beach Sweett uses LiFO Required a.1. Compute the gross margin percentage for each company a-2. Identify the company that dppewrs to be charging the nigher prices in reiation to its cost. b-1. For each company, compute the inventory turnover ratio and the averoge days to sell inventory. b.2. identity the company that appears to be incuring the highec financing cost Comvilete this question by entering your answers in the tabs below. Compute the gross maryin percentage far each compary. (Round your antwers to 1 decanal alace 1