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 Corporatlon, Incorporated, Is the world's largest wholesale distributor of swimming pool supplies and ecuipment. It is a publicly traded corporation that trades on the NASDAQ exchange under the symbol POOL. It sells these products to swimming pool repalr and service businesses like Penny's Pool Servce \& 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 recentyear ended December 31 are presented below. All numbers are in thousands. Required: 1-a. Prepare a classlfied consolidated statement of income (with eamings 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 retum 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. Prepare a classified consolidated statement of income (with earnings per share) for the current year. Number of shares outstanding used in computation of eamings per share was 39,833 . Note: Enter your answers in thousands (i.e., 1,000,000 should be entered as 1,000). Round "Basic eamings per share" to 2 decimal places. 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 repalr and service businesses like Penny's Pool Service \& Supply, Incorporated, swimming pool builders; and retall 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 eamings per share) for the current year. Number of shares outstanding used in computaton 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. 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,er. 1,000,000 should be entered as 1,000}. 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 retall 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 classlfied consolidated statement of income iwith eamings 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. 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
