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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

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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 servic 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 ciassified consolidated statement of income (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 48,218 1.b. Prepare a consolidated balance sheet for the current yeat. 2. Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $731,545

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