Pool Corporation, Incorporated, 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, Incorporated, 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. POOL CORPORATION, INCORPORATED Trial Balance At December 31, Current Year Debit Credit Cash and cash equivalents Receivables, net. $28,583 226,539 Product inventories, net 702,274 Prepaid expenses and other current assets Property and equipment, net 16,172 112,246 Intangible assets Operating lease assets 199,634 176,689 Other noncurrent assets, net Accounts payable Accrued expenses and other current liabilities Current portion of long-term debt Operating lease liability, current Long-term debt Operating lease liability, noncurrent Other long-term liabilities Common stock Additional paid-in capital. 21,129 $261,963 60,813 11,745 56,325 499,662 122,010 60,568 336 67 40 485,239 Additional paid-in capital Retained (deficit) earnings. Net sales Cost of sales. Selling and administrative expenses Interest expense Provision for income taxes Required: 40 485,239 336,674 3,199,517 2,274,592 583,679 23,510 56,161 $4,757,882 $4,757,882 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 39,833. 1-b. Prepare a consolidated balance sheet for the current year. Hint: Operating lease assets are a noncurrent asset 2. Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $1,240,871 Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 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 39,833. Note: Enter your answers in thousands (i.e., 1,000,000 should be entered as 1,000). Round "Basic earnings per share" to 2 decimal places. Net sales POOL CORPORATION, INCORPORATED Consolidated Statement of Income For the Year Ended December 31, Current Year (In Thousands Except Per Share Amounts) Cost of sales Earnings per share: Earnings per share Weighted average shares outstanding Prepare a consolidated balance sheet for the current year. Hint: Operating lease assets are a noncurrent asset. Note: Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands (i.e., 1,000,000 should be entered as 1,000). Current assets POOL CORPORATION, INCORPORATED Consolidated Balance Sheet (in Thousands) Assets Total current assets Noncurrent assets. $ Total assets Total assets Current liabilities: Liabilities and Stockholders' Equity Total current liabilities Noncurrent liabilities: Total liabilities Stockholders' equity: $ 0 69 $ 0 $ 0 Total stockholders' equity $ Total liabilities and stockholders' equity $ 6959 0 0 Req 1A Req 1B Req 2 Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $1,240,871. Note: Enter your answers in thousands (i.e., 1,000,000 should be entered as 1,000). Round your answers to 1 decimal place. Gross Profit Percentage Numerator Denominator Return on Assets (ROA) Numerator Denominator