Question
Item 6 8 points Item Skipped Print Item 6 Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment. It
Item 6 8 points Item Skipped Print Item 6 Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange under the symbol POOL. It sells these products to swimming pool repair and service businesses like Pennys Pool Service & Supply, Inc.; swimming pool builders; and retail swimming pool stores. The majority of these customers are small, family-owned businesses like Pennys. Its trial balance and additional information adapted from a recent year ended December 31 are presented below.
Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange under the symbol POOL. It sells these products to swimming pool repair and service businesses like Penny's Pool Service \& Supply, Inc.; swimming pool builders; and retail swimming pool stores. The majority of these customers are small, family-owned businesses like Penny's. Its trial balance and additional information adapted from a recent year ended December 31 are presented below. All numbers are in thousands. Required: 1-a. Prepare a classified consolidated statement of income (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 48,238 . 1-b. Prepare a consolidated balance sheet for the current year. 2. Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $732,545. Prepare a consolidated balance sheet for the current year. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.) Complete this question by entering your answers in the tabs below. Prepare a classified consolidated statement of income (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 48,238 . (Enter your answers in thousands. Round "Basic earnings per share" to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $732,545. (Enter your answers in thousands. Round your answers to 1 decimal place.)
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